Examlex
Which of the following consumer promotion tools refers to explicit or implicit promises by sellers that the product will perform as specified or that the seller will fix it or refund the customer's money during a specified period?
Variable Electrical Costs
Costs associated with electricity that vary depending on the amount of usage or consumption over a period.
High-low Method
A technique in cost accounting used to determine the variable and fixed components of a company's costs by analyzing the highest and lowest levels of activity.
Machine Hour
A measure of the amount of time a machine is operated, used in cost accounting to allocate costs to products based on machine usage times.
Contribution Margin
The difference between sales revenue and variable costs, indicating how much revenue contributes towards covering fixed costs and generating profit.
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