Examlex
Hard skills refer to personal qualities, habits, attitudes, communication skills, and social graces.
Markup
An amount added to the cost price of goods to cover overhead and profit.
Absorption Costing
An accounting method that includes all direct costs and an allocated portion of fixed and variable overhead costs in the cost of a product.
Cost-plus Pricing
Setting the price of a product by adding a markup to its variable costs to ensure a margin of profit.
Return on Investment
A financial ratio used to calculate the profitability of an investment, representing the percentage return on the invested amount.
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