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Variable Cost
Costs that change in proportion to the level of goods or services produced by a business, such as raw materials and direct labor.
Profitable Use
The effective and efficient utilization of resources (assets, equipment, personnel) that leads to generating profit or achieving financially beneficial outcomes.
Intermediate Product
An intermediate product is a semi-finished good used as input in the production of another final or finished product.
Refined Sugar
Sugar that has been processed from its natural state to remove impurities and achieve a higher level of purity.
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