Examlex
Instructions: Identify the following terms.
bonsai
Start-Up Firms
Are newly established businesses often characterized by innovation and scalability, typically in the technology sector, focusing on filling a niche or disrupting existing markets.
Total Cost
The overall sum of expenditures involved in manufacturing goods or providing services, incorporating both fixed and variable expenses.
Average Total Cost
The total cost of production divided by the number of goods produced, showing the average cost per unit.
Raw Materials
The basic, unprocessed materials used in manufacturing or production processes.
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