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Overhead Costs

oboloo Glossary

Overhead Costs

Overhead Costs Definition

Overhead costs refer to the indirect expenses incurred by a business in the course of operating its activities. These costs are not directly related to the production of goods or services and include items such as rent, utilities, insurance, and office supplies. While overhead costs are necessary to keep a business running, they can also add up quickly and eat into profits if they are not managed carefully.

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