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Use the map (or maps) referenced in each question for your answer. What does Map 9.1 tell you about the major land and sea routes used by traders of this period? What route involved the longest sea voyage?
Machine Division
A segment within a manufacturing firm that focuses on the operation and maintenance of machinery.
Return On Investment (ROI)
A measure used to evaluate the efficiency or profitability of an investment, calculated by dividing the return of the investment by its cost.
Residual Income
The net income that an investment earns beyond the minimum rate of return.
Margin
Generally refers to the difference between the selling price and the cost of a product or service, often expressed as a percentage of the selling price.
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