Examlex
The computer technology application that automates the product design process, including but not limited to the functions of geometric modeling, materials stress and strain analysis, drafting, storing product specifications, and mechanical simulation of a product's performance, is called CAD/CAE.
Opportunity Costs
A rephrased definition: The potential gains or benefits that are lost when choosing one alternative over another in decision-making.
Gross Margin
The difference between sales revenue and the cost of goods sold, expressed as a percentage of sales revenue.
Income Statement
A financial statement that shows a company’s revenues, expenses, and profits or losses over a specific period.
Committed Fixed Cost
Expenses a company has committed to, unrelated to its level of production or business activity.
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