Examlex
Explain the significance of using N:M and not N:N to describe many-to-many entity relationships.
Price
The amount of money expected, required, or given in payment for something.
TVC
Total Variable Cost (TVC) refers to the sum of all costs that vary with the level of output or production in a company.
Maximizing Profits
The process of optimizing the difference between revenue and costs to achieve the highest possible profit.
Fixed Costs
Expenses that do not change with the level of production or sales, such as rent, salaries, and insurance.
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