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Discuss the performance appraisal process and include a description of two specific performance appraisal techniques.
Selling Price
The amount of money for which a product is sold to the customer; it may include costs such as manufacturing, distribution, and markup.
Traceable Fixed Expense
Fixed costs that can be directly linked to a specific product, department, or segment and would disappear if the product, department, or segment were eliminated.
Net Operating Income
The total income generated from normal business operations after deducting operating expenses but before taxes and interest.
Price Hike
An increase in the cost of goods or services.
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