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Discuss the merits of installing a cash register or a P.O.S.system in your restaurant.List and describe several positive and/or negative challenges in making your choice.
Price-Taking Firms
Firms that accept the market price as given and have no power to influence it.
Unrealistic
Lacking consideration of real situations; impractical or idealistic.
Restrictive
A term describing measures or policies that limit or constrain actions, activities, or expansions.
Variable Cost
Costs that change in proportion to the level of output or activity, such as materials and labor directly involved in production.
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