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Differentiate between circadian rhythms and photoperiodism. Give examples of each. What regulates these responses?
Markup Percentage
The percentage increase between the cost to produce or purchase a product and its selling price.
Product Cost Concept
An accounting approach that includes costs directly associated with manufacturing a product, including raw materials, labor, and overhead expenses.
Manufacturing Costs
The total expenses involved in making a product, including direct materials, direct labor, and factory overhead.
Markup Percentage
The proportion added to the purchase price of products to cover operational costs and profit, which sets the retail price.
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