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The degree of operating leverage is equal to the ____ change in ____ divided by the ____ change in ____.
Flexible Benefit Plans
Employee benefit plans that allow individuals to choose from a variety of offerings, tailoring their benefits package to fit personal needs and preferences.
Administration Costs
Expenses associated with the general operation of a business, including office supplies, utilities, and executive salaries, but excluding production and marketing costs.
Outsourcing
The business practice of hiring a party outside a company to perform services or create goods that traditionally were performed in-house by the company's own employees.
Benefits Vendors
Companies or service providers that offer and manage benefits such as health insurance, retirement plans, and other perks for employees on behalf of employers.
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