Spell Out the Following Abbreviations

question 22

Short Answer

Spell out the following abbreviations.
-MOAB: __________

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Definitions:

Costs

Costs represent the expenses incurred in the production of goods or services, including materials, labor, and overhead.

Marginal Costs

The cost incurred by producing one additional unit of a product, which typically includes materials and labor.

Potential Customers

Individuals or organizations that could become buyers of a product or service, but have not yet made a purchase.

Expected Profit

The anticipated financial gain from a business venture or investment, estimated based on forecasts or previous performance.