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DSM-III ______.
Carrying Cost
Expenses incurred by holding inventory or assets, including storage, insurance, and spoilage costs.
Fixed Cost
Business expenses that remain constant regardless of the volume of goods or services produced, such as rent, salaries, and insurance premiums.
Switch Break-Even Point
This term refers to the point at which the cost savings or revenue from changing a system or product equals the costs associated with the change.
Variable Cost
Charges that fluctuate according to the volume of production.
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