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An earlier classification system grouped organisms by whether they inhabited the air,land,or sea.More modern classification systems such as the three-domain system are divided into class-order-family-genus-species as described in this chapter.What advantages does the more modern classification system have over the older system?
Operating Loss
A situation where a business's operating expenses exceed its revenues, indicating that it is not making a profit from its core operations.
Department Stores
Large retail establishments that offer a wide variety of goods and services across multiple departments, such as clothing, household goods, and appliances, under one roof.
Price Gouging
The act of charging excessively high prices for goods or services, usually during times of emergency or shortage.
Outsourcing
The business practice of hiring parties outside a company to perform services or create goods that traditionally were performed in-house by the company's own employees.
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