Examlex
What is environmental scanning? Name four environmental forces that affect marketing decision-making.
High-Low Method
A technique used in cost accounting to determine variable and fixed costs based on the highest and lowest levels of activity.
Machine Hours
A measure of the amount of time a machine is in operation, used as a basis for allocating manufacturing overhead to products.
Electrical Cost
The expense incurred from the consumption of electricity by a business or home.
Curvilinear Fashion
A term describing a line or relationship that curves in a smooth, non-linear manner, indicating a complex relationship between variables.
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