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Industry Standards
Established norms or criteria within an industry that act as benchmarks for quality, safety, and performance.
Domestic Operations
Business activities and transactions that occur within a company's home country.
FIFO
"First In, First Out," an inventory management and valuation method assuming the first items acquired are the first ones sold.
Gross Profit
The difference between sales revenue and the cost of goods sold before accounting for administrative and selling expenses.
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