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Why are some banking regulations aimed at limiting competition?
Sales Revenue
The total amount of money generated from the sale of goods or services before any expenses are deducted.
Gross Profit
The income a business earns after subtracting the expenses involved in producing and selling its goods or delivering its services.
FOB Shipping Point
A term indicating that the buyer assumes responsibility for the goods once they are shipped by the seller; the buyer pays for shipping costs.
Physical Count
A method of inventory verification where actual items are counted to match the inventory records.
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