Examlex
Business intelligence refers to the insights gained from data analysis.
Differential Cost
The disparity in expenses resulting from choosing between two options or changes in the amount of output.
Manufacturing Operations
All processes involved in converting raw materials into finished goods, including assembly, labor, and use of machinery.
Unused Capacity
Refers to the available production or service facility space that is not currently being used to generate revenue or produce goods.
Sunk Cost
A cost that has already been incurred and cannot be recovered, which should not influence future business decisions.
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