Examlex
Benchmarking is an analytical tool used to determine whether a firm's value chain activities are competitive compared to rivals.
Flexible Budget
A budget designed to change in response to variations in volume or activity levels.
Food
A substance consumed by living organisms to provide nutritional support, primarily obtained through plants, animals, or fermentation.
Supplies
Items used in the operation of a business or manufacturing process, which are not directly associated with the products being made.
Net Operating Income
The financial metric that calculates a company's profitability from its normal business operations, deducting operating expenses from the revenue.
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