Examlex
When consumers calculate the value of a product, they look at the benefits and then subtract the cost.
Present Discounted Value
The current value of a future sum of money or stream of cash flows given a specified rate of return, used in time value of money calculations.
Direct Costs
Expenses that can be directly traced to the production of a specific good or service, such as materials and labor.
Economic Profit
The difference between a firm's total revenue and its total costs, including both explicit and implicit costs, measuring the firm's overall financial performance.
Entrepreneurial Alertness
An entrepreneur's ability to notice and take advantage of new business opportunities not seen by others.
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