Examlex
Define what college means to you, and describe what you want to get out of the college experience.
Variable Cost
Costs that vary directly with the level of production or output, such as materials and labor.
Operating
The day-to-day activities or functions necessary for a business or organization to run effectively and efficiently.
Competitive Market
A market structure characterized by many buyers and sellers, free entry and exit, and a product for which there are many substitutes.
Profit
The financial gain obtained when the amount earned from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity.
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