Examlex
What criteria are important when a company is considering a supplier as a potential collaborator in new-product development?
Markup Per Unit
The sum added to the purchase price of products to account for operational costs and earnings.
Variable Cost
Expenses that change in proportion to the activity of a business.
Desired Profit
The target profit a company sets to achieve in a specific period.
Cost Concept
A concept of accounting that determines the amount initially entered into the accounting records for purchases.
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