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What is the system of "guanxi" used in China?
Variable Costs
Costs that change in proportion to the level of goods or services that a business produces.
Labor Costs
The total expenses incurred by employing labor, including wages, salaries, and benefits.
Raw Materials
The basic material from which a product is made, often used in manufacturing and production processes.
Fixed Costs
Fixed costs are business expenses that remain constant regardless of the level of production or sales.
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