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The Focus on Neuroscience box, "Brain Reward When MakingEye Contact with Attractive People," described an fMRI study.The results showed that when we make direct eye contact with a physically attractive person, a brain area called the ventralstriatum is activated. When the attractive person's eye gaze is shifted away from the viewer, activity in the ventral striatum decreases. The ventral striatum is the brain area that:
Useful Life
The estimated duration of time an asset is expected to be useful for the business before it becomes obsolete or too costly to maintain.
Operating Cost
Expenses associated directly with the day-to-day running of a business, including costs for materials, labor, and utilities.
Value-Based Pricing
A pricing strategy where the price of a product or service is determined by the perceived value it brings to the customer rather than its cost of production or market competition.
Absorption Costing
An accounting formula that rolls in every cost incurred in manufacturing—direct materials, direct labor, and both variable and fixed manufacturing overhead—into the product’s final cost.
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