Difference between revisions of "Total Cost"
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| − | In business, Total Cost (TC) refers to the sum of both Fixed Costs (start-up) and Variable Costs (to cover day-to-day operations) for a firm. | + | In business, Total Cost (TC) refers to the sum of both [[Fixed Costs]] (start-up) and [[Variable Costs]] (to cover day-to-day operations) for a firm. |
| − | [[Category: Economics]] | + | [[Category:Economics]] |
Latest revision as of 20:42, July 13, 2016
In business, Total Cost (TC) refers to the sum of both Fixed Costs (start-up) and Variable Costs (to cover day-to-day operations) for a firm.