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Firms with a _____ orientation focus on the internal capabilities of the firm rather than on the desires and needs of the marketplace.
Mixed Cost
Expenses that have both a fixed and variable component, changing somewhat in response to changes in production volume or activity levels.
Machine Hour
A measure used to allocate costs to products or services based on the number of hours a piece of equipment is operated.
Cost-volume-profit Analysis
A managerial accounting technique used to analyze how changes in costs and volume affect a company's operating income and net income.
Break-even Analysis
A calculation and assessment method to determine the point at which revenue received equals the costs associated with producing the revenue, indicating no net loss or gain.
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