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Even if two products have different characteristics,such as color,the products are only considered heterogeneous if consumers
Rate Increases
An upward adjustment in prices, charges, or interest rates, typically within a business or economic context.
Process Costing
A costing method used in manufacturing where costs are assigned to a product based on the process it goes through in the production cycle.
Variable Cost
Costs that vary directly with the level of production or service, such as materials and labor used in production.
Fixed Costs
Expenses that do not change with the level of goods or services produced over the short term, such as rent, salaries, and insurance.
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