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this is the summary video Ill fall in and Ill come to the outcome is to understand what makes a product or service financially viable that means is it likely to be successful financially fixed costs are costs that do not vary regardless of how much product or service you generate what that basically means is it doesnt matter how many products that you create these costs are never going to change dependent on how much you create so if you make 10 000 of your product you will still be paying the same rent as if you make 10. so the examples of fixed costs that you need to think about are rent loans Insurance advertising salaries and utilities if you can try and remember in your head that these are the costs that do not vary regardless of output then you should be able to identify any fixed costs any question a variable cost is those that do vary depending on how much you generate so in other words if you create more products these costs will increase the obvious ones are going to be t