Examlex
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Appraisal Cost
Expenses associated with the evaluation and inspection of products to ensure quality standards.
Value-added Activity
An operation or process that increases the worth of a product or service, directly contributing to meeting customer requirements.
Essential Value
The inherent or fundamental worth of an asset, product, or service, often considered irrespective of market value or price.
Life Cycle Budgeting
Involves the estimation of costs associated with a product or project from its inception to disposal, considering all stages of its life.
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