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Instead of a formal auction with a specific ending time and an automatic winner, dynamic pricing sites-such as ____-allow buyers to bid on items or services listed for sale, and then the seller decides whether or not to accept each offer on an individual basis.
Administrative Expenses
Costs related to the general operation of a company, including expenses such as salaries of non-sales personnel, and office supplies.
Planning Budget
A planning budget is projected financial plan that outlines an organization's expected revenues, expenses, and capital needs for a future period.
Net Operating Income
The profit derived from a company's everyday business operations after subtracting all operating expenses from gross income.
Flexible Budget
A budget that adjusts or flexes with changes in volumes or activity levels, allowing for better cost control and planning.
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