Examlex
If Burger King added tacos to the "burger-oriented" menu in its existing restaurants, it would be seeking "market development" opportunities.
Special Order
An order for goods or services that is outside the company's normal production or service delivery operations.
Split-off Point
In process costing, the stage in production where multiple products emerge from a single process and continue to be processed further or sold as is.
Joint Production Costs
Costs that are incurred up to the split-off point in a process that produces multiple products.
Absorption Costing
This accounting style integrates all facets of manufacturing costs—direct materials, direct labor, and both variable and fixed overheads—into the comprehensive cost of a product.
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