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Safety Margin
The difference between the actual level of performance or capacity and the minimum required level, serving as a buffer or contingency.
Labour-Intensive Firm
A company that requires a high level of labor input compared to capital investment in its operations.
Cost Volume Profit
An accounting technique used to analyze how changes in cost and volume affect a company's operating income and net income.
Cost Driver
A factor that incurs costs, as its presence or level of activity directly affects the total cost of an activity or product.
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