TOEIC ETS

Small Business Costs: An Overview for Beginners There are two main kinds of costs. Variable costs are one kind they include staff wages or the cost of supplies. 139--- costs are considered fixed. These include such things as rent payments and property taxes. A third kind of cost is called an opportunity cost. You incur an opportunity cost whenever you make a decision to do one specific thing 140--- choosing some alternative option. This cost refers to the lost opportunities you could have benefited from had you made a different choice. Careful consideration of potential opportunity costs is important. Ideally this should 141--- decision making. 142---. You should consult a licensed accountant for a more complete understanding.