Examlex
Through category management,an item's performance is ranked only on the basis of gross profit as a percent of sales.
MP
Short for Marginal Product, which is the additional output resulting from using one more unit of a particular input, holding other inputs constant.
MC
Marginal Cost, the change in total production cost that comes from making or producing one additional unit.
AP
Advanced Placement, a program offering college-level curriculum and examinations to high school students in various subjects.
Average Fixed Costs
Costs that remain constant in total regardless of changes in the level of production or output.
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