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What is meant by the term technological spillover?
Productive Capacity
The maximum output a system can produce over a specific period under normal working conditions.
Direct Labor Hours
Total count of hours devoted by employees in the direct creation of goods or offering of services.
Special Order
A special order involves a one-time or exceptional purchase of goods or services made to customer specifications that may differ from standard offerings.
Variable Costs
Outlays that adjust in response to the volume of production or sales figures.
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