Examlex
Please define the following key terms
-Endeavour
Lost Sales
Revenue that was not earned due to an inability to meet customer demand or because the customer chose a competitor's product.
Customer Dissatisfaction
Negative feelings or a state of disappointment experienced by customers when products or services fail to meet their expectations.
Absorption Costing Income
The profit figure calculated under absorption costing, including all costs of production – both fixed and variable – in product costs, affecting reported income.
Overproduction
The production of goods in quantities exceeding the demand, often leading to excess inventory and potential financial losses.
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