Examlex
Sweeping hospital floors is an example of
Price Increase
Adjusting the selling price of goods or services upwards, often as a response to inflating costs or improving margin.
Useful Life
The period over which an asset is expected to be usable for its intended purpose, affecting depreciation calculations.
Operating Costs
Expenses associated with the day-to-day functioning of a business, excluding costs related to production.
Service Hours
A measure of the time that employees or machines are actively providing services, often used in allocating service costs or assessing productivity.
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