Examlex
Marx and Engels explained that human societies are comprised of two major components These are:
Profit Center
A segment or department within an organization that is directly responsible for generating profit, measured by its performance.
Selling Division
A segment of a company focused on the sales and distribution of products or services.
Opportunity Cost
The value of the best alternative that is forgone when a particular decision is made, representing the benefits that could have been received from that alternative.
Transfer Price
The price charged when one responsibility center within a company provides goods or services to another responsibility center in the same company.
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