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The principles for ________ include using fewer parts and fewer materials, and using snap-fits instead of screws.
Variable Cost
A cost that changes in proportion to the level of output or activity in a business.
Monthly Interest Rate
The percentage of interest that is charged or earned on a principal amount on a monthly basis.
Credit
An arrangement where goods, services, or money is received in exchange for a promise to pay back a definite sum of money at a future date.
Annual Percentage Rate
A measure of the cost of borrowing, including interest and other fees, represented as a yearly rate and providing a comprehensive view of the loan cost.
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