Examlex
A market situation in which there are a few large firms is called
Gross Margin
The difference between sales revenue and the cost of goods sold, indicating the profitability of a company's core business activities.
Operating Expenses
Operating expenses are the costs associated with the day-to-day operations of a business, excluding the cost of goods sold, such as rent, utilities, and payroll.
High-Low Method
A technique used in managerial accounting to estimate fixed and variable costs based on the highest and lowest levels of activity.
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