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Most of these types of device include a small optical scanner for reading characters and sophisticated software to analyze what is read. What kind of device is this?
Variable Costs
Expenses that fluctuate in direct proportion to changes in productive output or other measures of volume.
Operating Leverage
Operating leverage refers to the extent to which a company can increase its operating income by increasing revenue, highlighting the proportion of fixed costs in a company's cost structure.
Capital Intensive
A business process or industry that requires significant financial investment in capital assets like machinery and equipment, versus labor or operational costs.
Fixed Costs
Expenses that do not change with the level of production or business activity.
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