Operating expenditures, often abbreviated as OpEx, are ongoing costs incurred in the everyday business operations of a commercial property. These expenses can include utilities, wages, maintenance, repairs, marketing, accounting, and legal fees.
While operating expenses are usually necessary for seamless operation, property and business managers are responsible for keeping expenses as low as possible, without affecting the business's ability to stay profitable and competitive in the market. It’s important to make sure that reducing the expenses doesn’t compromise the quality of the operation of your business.
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