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If you stand in the middle of a cobblestone street, the street will look coarse near your feet and finer if you look into the distance.This is called
Net Income
The amount of money left over after all operating expenses, taxes, and interest are subtracted from total revenue.
Physical Flow
The movement of physical goods through a production process or supply chain.
FIFO Inventory
A rephrased definition: A method to manage and value inventory assuming the first items purchased are the first to leave the warehouse.
Cost of Goods Sold
Direct expenditures associated with producing the items a company offers for sale.
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