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When a non-agent, such as a maintenance supervisor, engineer, or finance analyst makes a commitment with a supplier, this is termed _____.
Depreciation
The process of allocating the cost of a tangible asset over its useful life, reflecting the decrease in value over time.
Markdowns
Reductions in the retail prices of goods, typically to stimulate sales or clear inventory.
Markup
The sum included in the goods' purchase price to account for operational costs and earnings.
Return on Investment
A measure used to evaluate the efficiency or profitability of an investment, calculated as the net profit divided by the cost of the investment.
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