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What is "McDonaldization"? Describe some of its positive as well as negative consequences for social life.
Fixed Factory Overhead
Costs related to the production that do not vary with the level of output, such as rent, salaries of permanent staff, and depreciation.
Variable Direct Labor
The portion of labor costs that varies directly with production volume.
Desired Profit
The profit amount that a company aims to earn in a specific period, typically set as a goal in financial planning.
Markup
The amount added to the cost price of goods to cover overhead and profit.
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