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Figure 1.2
Using the figure above, identify the labeled part.
-Label AA: ______________________________
Lost Profits
Potential revenue that a business did not earn, often due to breaches of contract, infringement, or other wrongful acts.
Inventory
The complete list of items such as merchandise, raw materials, and products that are in stock within a business's possession.
Credentialization
Refers to the increasing demand for formal educational qualifications or credentials for employment or social status.
Meritocracy
A social system in which advancement in society is based on an individual's capabilities and merits rather than on the basis of family, wealth, or social background.
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