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A discretionary fixed cost is an expenditure for a period-specific cost or a fixed asset, which can be eliminated or reduced without having an immediate impact on the reported profitability of a business.onsequently, though these costs are classified as discretionary, they should only be reduced when it is absolutely necessary to do so. The following can be considered discretionary fixed costs: 1  Advertising campaigns. 2  Employee training. 3  Investor relations. 4  Public relations.
(redirected from Total fixed cost) Also found in: Dictionary, Thesaurus, Encyclopedia, Wikipedia. Related to Total fixed cost: Total variable cost. A cost that is fixed in total for a given period of time and for given production levels. An expense that does not change from time period to time period. For example, a company may rent a piece of property for $4,000 per month.