Examlex
Experimental results concerning the efficacy of a particular treatment are labelled "statistically significant" when
Cost Of Goods Sold
The direct costs attributable to the production of the goods sold by a company, including raw materials, labor, and manufacturing overhead.
Variable Expenses
Costs that vary directly with the level of production or sales volume, such as raw materials and commission fees.
Fixed Cost
Costs that do not change with the level of output or activity in the short term, such as rent, insurance, and salaries of permanent staff.
Product
Any good, service, or idea that can be offered to a market to satisfy a want or need.
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