Examlex
When a company pays an employee for work performed,it is considered an economic event that is not recorded as a transaction.
Upstream Division
A segment of a company or industry involved in the early stages of production or supply chain, often dealing with raw materials.
Downstream Division
A segment or part of an organization focused on the later stages of production or distribution in the supply chain, such as sales and delivery of the final product.
Profit Center
A department or segment of a business responsible for generating its own revenue and profit.
Minimizing Costs
The process of reducing expenses to the lowest possible level while maintaining efficiency and effectiveness.
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