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Explain centralization and decentralization. How do these relate to employee empowerment?
Mark-up
Mark-up refers to the amount added to the cost price of goods to cover overhead and profit; it is a percentage of the cost price.
Camping Tents
Portable shelters made of cloth used for outdoor overnight stays, especially in wilderness areas.
Net Cost
The actual cost of a product or service after all discounts, rebates, or allowances have been applied.
Breakeven
A situation where the sum of all costs equals the sum of all revenues, with no profit or loss occurring.
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