Examlex
Bank automated-teller machines (ATMs)use transactional processing.
Break-even Analysis
A calculation to determine the point at which revenue received equals the costs associated with receiving the revenue, indicating no net loss or gain.
Cost-plus Pricing
A pricing strategy where the selling price is determined by adding a specific markup to a product's unit cost.
Product Differentiation
The process of distinguishing a product or service from others to make it more attractive to a particular target market.
Inelastic Demand
A situation in which the demand for a product or service is relatively unaffected by changes in price.
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