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What is the SECOND most significant source of wealth for most older adults?
Fixed Costs
Fixed expenses in a business are constant costs that do not fluctuate with changes in production or sales volume, like salaries or rent.
Period Costs
Expenses that are not directly tied to the production of goods and are expensed in the period in which they are incurred.
Conversion Costs
Expenses directly related to the conversion of raw materials into finished goods, including labor and overhead.
Market Prospects
The potential for future sales and profitability in a given market, based on current trends and conditions.
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