Examlex
Technological changes that increase the productivity of skilled workers relative to that of unskilled workers are referred to as ________ technological changes.
Percentage Cost
This refers to the cost expressed as a percentage of the total amount or value involved.
Production Output
The total quantity of goods and services produced in a given time period by a firm or country.
Cash Sales Policy
A cash sales policy is a business approach where transactions are conducted strictly on a cash basis, without offering credit to customers.
Discount Period
The discount period is the time frame in which a payment can be made at a discounted rate from the regular price or before it becomes due.
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