Examlex
Explain the major types of buying situations.
Rate of Return
The gain or loss on an investment over a specified period, expressed as a percentage of the investment's cost.
Direct Materials
Raw materials that can be directly attributed to the production of goods, easily identifiable and quantifiable.
Variable Costs
Costs that change in proportion to the level of production or sales activities of a business.
Cost Per Unit
Cost per unit is the total expense incurred to create or purchase a unit of product, calculated by dividing total costs by the number of units produced or purchased.
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