Examlex
The different seasons of the year are due to:
Operating Expenses
The costs associated with running a business's day-to-day operations, including rent, utilities, payroll, and raw materials.
Mark-up
The difference between the cost price and selling price of an item, expressed as a percentage of the cost.
Retail Price
The total cost at which a product is sold to the consumer, including overheads, profit margins, and taxes.
Markdown
A reduction from the original or retail price of goods to increase sales or clear inventory.
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