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Normalization requires applications to use more complex SQL since they will need to write subqueries and joins to recombine data stored in separate relations.
Gross Profit
The financial metric that represents the difference between revenue and the cost of goods sold, before deducting overhead, payroll, taxation, and interest payments.
Operating Expenses
Costs that a business incurs through its normal business operations, including rent, salaries, and utility expenses.
Net Income
The end profit for a business after total revenue is reduced by expenses and tax obligations.
Perpetual Inventory System
An approach to inventory management where inventory levels are updated in real-time following each sale or purchase.
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