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What are the different types of formal groups?
Salvage Value
The approximated financial value of an asset at the termination of its usability.
Required Rate of Return
The minimum percentage rate of return on an investment that a person or company deems acceptable, considering the risks involved.
Warehouse Cost
Expenses associated with storing, handling, and managing goods in a warehouse.
Working Capital
It is the difference between a company's current assets and current liabilities, indicating the liquidity available to fund operations.
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