Provide a definition of what “overhead costs” are. What does “overhead” mean in the business setting?

Provide a definition of what “overhead costs” are. What does “overhead” mean in the business setting?
Imagine you have your own business. What type of business would you run?
Now that you have an understanding of what overhead costs are, describe what kind of overhead costs your business would have.
Why is it important for your business to determine overhead costs?

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