Examlex
A core principle of lean which means continuous improvement is expressed by the word(s) :
Relevant Costs
Relevant Costs are those costs that will be affected by a decision in a specific situation, including future costs that may vary or change as a result of the choice.
Sunk Cost
A cost that has already been incurred and cannot be recovered.
Sales Mix
The composition of different products or services sold by a company, influencing total sales and profitability.
Future Outlay
Expected future expenditures or financial obligations.
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