Examlex
The technique of hiding the internal implementation details of an object from its external view is known as encapsulation.
Profit
The financial gain obtained when the revenues generated from business activities exceed the expenses, costs, and taxes involved in sustaining the activities.
Loss
An economic condition where expenses exceed revenues, indicating negative financial performance.
Profit-Maximizing
A strategy or process by which a firm determines the price and output level that returns the greatest profit.
Loss-Minimizing
A strategy or point where a firm attempts to reduce its losses to the lowest possible level when it cannot achieve profitability.
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