Examlex
The price elasticity of demand for business travel tends to be greater than that of leisure travel.
Standard Costs
Predetermined or estimated costs used to measure the efficient use of resources in production.
Nonmanufacturing Settings
Environments or situations relating to business operations that do not involve the production of goods.
Standards
Established norms or requirements in various fields that act as a basis for comparison, quality measures, or regulations.
Principle Of Exceptions
A management principle emphasizing attention and resources on areas that deviate from the norm or expected results.
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