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What is the key to effective bureaucracy?
Storage Cost
Expenses associated with storing goods or commodities before they are sold or further processed.
Borrowing Cost
Borrowing cost is the total expense, including interest and fees, associated with obtaining funds through borrowing.
Credit Extension
The process of providing new or additional credit to borrowers.
Bad-Debt Losses
Financial losses incurred when a debtor fails to make payment on a loan, leading to a write-off by the creditor.
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