Examlex
Online interactive communication enables retailer websites to remember individual customers.
World Class Company
A business that achieves high standards in its operations, services, and products, often excelling in areas like customer satisfaction, innovation, and efficiency, and recognized globally for its excellence.
Standard Cost Accounting System
A cost accounting system that assigns preset costs to products or services, used for budgeting and controlling expenses.
Ideal Standards
Benchmark levels of performance set under perfect operating conditions, used for budgeting and measuring efficiency.
Materials Price Variance
The difference between the actual cost of materials and the standard or expected cost.
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