Examlex
What is disintermediation? With a suitable example, explain the opportunities and problems that disintermediation presents for producers and resellers.
Budgeted Cost
An estimate of expenses or costs that are planned for a specific period in the future.
Production Estimates
These are predictions or forecasts about the volume of production expected to be achieved in a specified future period.
Ideal Standards
Standards set under perfect or ideal conditions, used for comparison with actual performance to gauge efficiency and productivity, though often unattainable in practice.
Optimum Performance
The highest level of efficiency, productivity, or effectiveness that can be achieved in a specific context.
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