Examlex
As one moves down a straight-line demand curve away from the vertical axis, demand becomes less elastic and then inelastic.
Absorption Costing
An accounting method that includes both variable and fixed manufacturing overhead costs in the cost of a product.
Cost-plus Pricing
A pricing strategy where the selling price is determined by adding a specific markup to a product's cost.
Return on Investment
A financial metric used to evaluate the efficiency or profitability of an investment, calculated by dividing net profit by the investment's cost.
Markup
A markup on the base cost of goods intended to cover the expenses of operation and ensure a profit margin.
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