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What is outsourcing? What is offshore production? Choose an industry (televisions,Nike shoes,etc.)and discuss the global division of labor.
Net Income
The total profit of a company after all expenses and taxes have been deducted from revenue.
Manufacturing Margin
The difference between the sales revenue generated by manufactured goods and the cost of producing those goods, indicating profitability.
Variable Costing
A pricing technique that incorporates solely the variable costs of production—such as raw materials, direct labor, and variable overhead expenses—into the per-unit cost of products.
Variable Overhead
Costs that change with the level of production or service activities.
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