Examlex
The use of speechreading reduces the redundancy of spoken messages for persons with hearing loss.
Variable Expenses
Costs that vary in total in direct proportion to changes in business activity levels or volumes, such as sales commissions or raw material costs.
Contribution Margin
The difference between the sales revenue of a product and its variable costs, providing insight into how much revenue contributes towards fixed costs and profit.
Fixed Expenses
Costs that do not fluctuate with the volume of production or sales, such as rent, salaries, and insurance.
Opportunity Cost
The loss of potential gain from other alternatives when a particular alternative is chosen.
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