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What is the business continuation team and what are they responsible for?
Excess Capacity
A situation where a firm operates below its maximum production capacity, indicating it can increase output without incurring higher fixed costs.
Variable Costs
Expenses that change in proportion to the level of goods or services produced, such as materials and labor costs.
Repeat Customers
Customers who return to a business to make subsequent purchases, showing loyalty and continued interest in a company's products or services.
Credit Scoring
A statistical analysis performed by lenders to assess the credit worthiness of credit applicants.
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