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Forming oversized images of objects in one's mind
Fixed Costs
Costs that do not change with the level of production or sales over a certain range and period, such as rent, salaries, and insurance premiums.
Unit Contribution Margin
The amount by which the selling price of a unit exceeds its variable costs, contributing to covering fixed costs and generating profit.
Selling Price
The amount for which a product or service is sold to the customer, determined by factors like cost, market demand, and competitive pricing.
Margin Of Safety
The difference between actual sales and sales at the break-even point. It measures the extent to which sales can decline before a business incurs a loss.
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