Examlex
Weak economies with shrinking incomes tend to buy more of everything, including imports.
Cost Reduction Target
A goal set by a company to decrease expenses in order to improve profitability.
Cost Elements
The various types of expenses that contribute to the total cost of a product or service, including materials, labor, and overhead.
Leverage Items
Products or services critical to an organization's operations that can be used as a bargaining tool in negotiations.
Standard Specification
A detailed document that describes the essential technical requirements for purchased materials, products, or services.
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