Examlex
Profit should always be at the heart of a pricing strategy.
Flexible Budget
A budget designed to vary in response to different levels of volume or activity.
Revenue
The income generated from normal business operations, such as the sale of goods or services.
Budget
A detailed plan for the future that is usually expressed in formal quantitative terms.
Activity Measure
An allocation base in an activity-based costing system; ideally, a measure of the amount of activity that drives the costs in an activity cost pool.
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