What are the disadvantages of fixed costs?
As a questioner, I'm curious to understand the potential drawbacks of fixed costs in business operations. Could you elaborate on the various disadvantages that organizations may encounter when relying heavily on fixed costs, and how these might impact their financial stability and overall performance? Are there any specific industries or scenarios where the disadvantages of fixed costs are particularly pronounced?
What falls under professional fees?
Could you please elaborate on what constitutes professional fees in the realm of cryptocurrency and finance? Are these fees associated with consulting services, legal advice, accounting services, or perhaps a combination of these and other specialized services? Are there any specific fees that are commonly encountered in this industry, and how do they differ from those in traditional financial sectors?