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Useful Life
The estimated duration an asset is expected to be functional and useful before it needs to be replaced or becomes obsolete.
Operating Cost
Expenses associated with the day-to-day functions of a business excluding cost of goods sold, such as rent, utilities, and payroll.
Value-Based Pricing
A pricing strategy where the price of a product or service is determined based on the perceived value to the customer rather than the cost of production.
Required Return
The minimum expected return by investors for investing in a particular security or project, reflecting the risk level.
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