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Cost-volume-profit Analysis
A financial management tool that helps in determining the effects of changes in costs and volume on a company's profits.
Fixed
Pertaining to costs or assets that do not fluctuate with changes in production level or business activity.
Variable
An element or factor that can change or vary, often used in contexts such as mathematics, statistics, or scientific experiments.
Service Company
A business that provides intangible products or services to consumers rather than physical goods.
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