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One drawback of the bureaucratic approach to management is that
Net Operating Income
An indicator of a firm's profitability from standard operations, excluding non-operational income and expenses like taxes and interest.
Operations
The activities involved in running a business, production, or system effectively and efficiently.
Contribution Margin
It refers to the amount of revenue remaining after deducting variable costs, which can contribute to covering fixed costs and generating profit.
Operations
The day-to-day activities involved in running a business, focusing on creating and delivering products or services.
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