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What Is a 'Business Contingency Plan'? What Is Its Purpose

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What is a 'business contingency plan'? What is its purpose?


Definitions:

Store Equipment

Tangible assets used in a retail business's operations, such as cash registers, shelving, and display cases.

Period Cost

Costs that are not directly associated with the production of goods and are expensed in the period they are incurred.

Factory Utilities

The costs associated with utilities in a manufacturing environment, including electricity, water, and gas necessary for production.

Product Cost

The total cost incurred by a company to produce, acquire, and prepare a product for sale, including materials, labor, and overhead expenses.

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