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Sales quotas are rarely used in conjunction with sales contests.
Annual Lease
A contract specifying the terms under which one party agrees to rent property owned by another party for a period of one year.
Normal Profit
The minimum amount of earnings that entrepreneurs must achieve to cover the cost of operating, essentially the breakeven point beyond which a business earns profit.
Implicit Costs
Indirect expenses related to business operations, such as opportunity costs, not directly paid out in cash.
Economic Profits
The excess of total revenue over total costs, including both implicit and explicit costs.
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