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What is an important first step in an effective performance management system?
Operating Departments
Specific areas within a business that are responsible for certain operations related to the production of goods or delivery of services.
Logistics Department
A division within a company or organization responsible for managing the movement and storage of goods, services, and information.
Variable Costs
Expenses that change in proportion to the production or sales levels, including labor and materials.
Fixed Costs
Expenses that do not change with the level of production or sales activities within a certain range or time period, like rent or salaries.
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