Examlex
Define the following terms
-ordinal-level measurement
Special Order
An order for goods or services that is not part of a company's regular offerings and is often customized or produced in a limited quantity.
Minimum Selling Price
The lowest price at which a business is willing to sell its products or services, often determined to cover costs or meet a specific profit threshold.
Avoidable Cost
Expenses that can be eliminated if a particular decision or action is not taken.
Split-Off Point
The stage in a production process where different products become physically identifiable, and their costs can be separately assigned.