Examlex
A sustained competitive advantage is virtually permanent.
Total Costs
The sum of all expenses incurred in the production of goods or services, including both fixed and variable costs.
Net Present Value
A method used in capital budgeting to evaluate and compare the profitability of investments, which calculates the difference between the present value of cash inflows and outflows.
Concentration Accounts
A single account used by companies to aggregate funds from different accounts, simplifying cash management.
Lockboxes
A banking service where payments are sent to a special post office box rather than to the company's offices, to speed up transaction processing.
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