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Define the Following Terms

question 1

Short Answer

Define the following terms
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Definitions:

Ski Boots

Footwear specifically designed for skiing, providing support and transferring movements to the ski.

Rate of Markdown

The percentage decrease from the original price of an item to its reduced price.

Operating Expenses

Costs associated with the day-to-day operations of a business, excluding the cost of goods sold.

Operating Profit

Earnings from a company's core business operations, excluding deductions of interest and taxes.

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