Please Define the Following Key Terms

question 58

Essay

Please define the following key terms. Show Who? What? Where? When? Why Important?
-Luddites

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Definitions:

Margin

The difference between selling price and cost of goods sold, often expressed as a percentage of sales, highlighting profitability.

Performance Measures

Metrics used to assess the efficiency and effectiveness of an operation or employee.

Inventory

Materials and products that a business keeps for the ultimate goal of resale or processing.

Return On Investment

A performance measure used to evaluate the efficiency or profitability of an investment relative to the amount of money invested.