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Describe how the concepts of market and competition are linked and important in respect to trade in Australia.
Net Operating Income
The total profit of a company after operating expenses are subtracted but before deducting interest and taxes.
Planning Budget
A budget prepared for a specific level of activity; it outlines the expected revenues, expenses, and resource requirements for that activity level.
Tenant-Days
A metric used in property management to represent the total number of days in a period that rental units were occupied.
Net Operating Income
The income generated from normal business operations, calculated by deducting operating expenses from gross profit.
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