Examlex
Instructions: Please define the following key terms.
-Fourth Lateran Council
Wholesale Price
The price charged for goods or services when sold in large quantities, usually to retailers who then sell them to the public.
Retail Price
The total cost at which an item is sold to the consumer, which includes the cost of production, distribution, and a markup for profit.
Operating Expenses
Costs associated with operating a business, excluding the cost of goods sold.
Mid-Summer Sale
A Mid-Summer Sale is a promotional event held by retailers offering significant discounts during the middle of the summer season.
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