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RBC wants to understand what value propositions make sense to which customers. When the bank discovered that it sometimes makes sense to tell a customer her or she is not using the right service, even if that services generates less revenue in the short term, it was acting on a
Direct Costs
Expenses that can be directly linked to the production of specific goods or services, such as materials and labor.
Cost of Goods Manufactured
The total expense incurred in manufacturing products during a specific period, including labor, materials, and overhead costs.
FG Inventory
Finished Goods Inventory, which represents the completed products that are ready to be sold but have not yet been sold.
Goods Purchased
The total value of all goods bought by a company for resale or for use in production.
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