Examlex
Explain how inflation can be "built into the system."
Benefits
The advantages or positive outcomes gained from a product or action.
Sunk Cost
Costs that have already been incurred and cannot be recovered, which should not affect future investment or business decisions.
Outsourcing
The practice of contracting out certain business functions or processes to a third-party provider.
Fixed Cost
Fixed cost refers to expenses that do not vary with the level of production or sales, such as rent, salaries, and insurance.
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