Examlex
Centralized and formalized procedures allow for greater flexibility, an important factor for firms using a cost leadership strategy.
Interest Rate
The interest rate is the percentage of the principal charged by a lender to a borrower for the use of assets, typically expressed as an annual percentage.
Years From Now
A temporal reference indicating a certain amount of time in the future from the current point.
Real Wages
Nominal wages corrected for inflation.
Money Wages
The current dollar amount of a person’s wages.
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