Examlex
The various account measures provide a sales manager with perspective on the equity of territory assignments and:
Economic Profits
Profits calculated by subtracting both explicit and implicit costs from total revenue.
Explicit Costs
Direct, out-of-pocket payments for wages, rent, materials, and other inputs necessary for a business to operate.
Economic Profit
The distinction between gross revenue and total expenditures, inclusive of both explicit and latent costs.
Normal Rate
Typically refers to a benchmark interest rate considered to be standard based on historical averages, often used by central banks.
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