What Types of Costs Are Considered High Initial Costs?
High initial costs can be categorized into several types:
Capital Expenditures: Costs associated with purchasing long-term assets such as machinery, equipment, and property. Operational Costs: Expenses required to run the business, including salaries, utilities, and supplies. Marketing Expenses: Costs involved in promoting the business, such as advertising, branding, and market research. Legal and Regulatory Costs: Fees for licenses, permits, and compliance with regulations.