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Company G Takes Advantage of the Internet and Flexible Manufacturing

question 75

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Company G takes advantage of the Internet and flexible manufacturing to create products that vary depending on the market it is sold into. This demonstrates Company G's focus on

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Definitions:

Variable Costs

Costs that vary directly with the level of production or sales volume, such as materials and labor.

Fixed Costs

Costs that do not vary with the level of production or sales, such as rent, salaries, and insurance.

After-tax Profit

The net income of a company after all taxes have been deducted from revenues.

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