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The term "shadow welfare state" refers to
Non-volume Factors
Elements that affect a business’s operations and cost structures that are not related to the volume of goods or services produced, such as changes in technology or regulatory environments.
Non-manufacturing Costs
Expenses not directly tied to the production process, such as selling, general, and administrative expenses.
Non-manufacturing Overhead
Expenses incurred by a company that are not directly related to the production process, such as administrative and marketing expenses.
Traditional Approach
A conventional method often based on long-established practices or techniques.
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