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Railroads May Have Let Other Forms of Transportation Take Business

question 75

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Railroads may have let other forms of transportation take business away from them because their definition included only the railroad business,rather than the broader definition of:


Definitions:

Windows Operating System

A series of graphical operating systems developed, marketed, and sold by Microsoft.

Version

A specific form or variation of a product that is different from other forms of the same product or from previous iterations.

Variable Costs

Costs that change in proportion with the level of output or business activity, in contrast to fixed costs.

Profit per Unit

The difference between the selling price of a product and its cost per unit.

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