Answer:
Explanation:
A fixed expense is an ongoing, regular cost that does not change in relation to the quantity of goods or services produced or sold. Fixed expenses are typically things like rent, insurance, property taxes, or salaries, which need to be paid on a regular basis regardless of changes in the business's sales or production levels. They are called "fixed" because they are not affected by fluctuations in sales volume or other variables that may impact the business's profitability. Fixed expenses are an important consideration in budgeting and financial planning, as they represent a steady drain on a company's resources that must be accounted for and managed to ensure the business's long-term viability.