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Our desire to gain others' approval and avoid their rejection most clearly contributes to the powerful influence of
Variable Costs
Costs that vary directly with the level of production or business activity, such as raw materials and labor.
Fixed Costs
Expenses that remain constant in total regardless of changes in the level of business activity or output.
Net Income
The total amount of profits earned by a company after all expenses and taxes have been deducted from revenue.
Special Order
A one-time order that is not considered part of the company's normal ongoing operations, often requiring special pricing or terms.
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