Examlex
A revenue account normally has a debit balance.
Price Hike
An increase in the price of goods or services.
Value-Based Pricing
A pricing strategy where the price of a product or service is set based on the perceived value to the customer rather than the cost of production.
Useful Life
The estimated duration of time a fixed asset is expected to be useful and productive for its intended purpose.
Operating Costs
Daily operational costs of a business that do not encompass production-related expenses.
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