Examlex
When a baby is born,it shows no preference for its father's voice,but after a month of living with Dad,a baby will show a clear preference for Dad's voice over other men's voices.This new preference is an example of
Option to Wait
The strategic choice to delay a decision or an investment to gather more information or wait for a more favorable market condition.
Option to Abandon
A business decision making tool that allows a company to cease an investment or project if it turns out to be financially nonviable, minimizing losses.
Direct Labor Costs
The total cost of all the labor that is directly involved in the production of goods or the performance of services.
Variable Cost
Expenses that undergo alteration in response to the volume of production executed.
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