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Variable Cost
Costs that vary directly with the level of production or volume of output, such as raw materials and labor associated with the production process.
Sales Volume
The quantity of products or services sold by a business within a specific period, crucial for assessing company performance and planning.
Net Income
The total profit of a company after all expenses and taxes have been deducted from total revenues.
Margin of Safety
The difference between actual or projected sales and the break-even point, indicating the cushion a business has before it incurs a loss.
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