overhead indirect expenses | regular and necessary cost involved in operatinga business |
net income/net profit | the excess of all revenues in a period over all expenses an loses |
vehichle | amortized means of land transport for people or goods |
quota | a maximum quantity of a specific good that can be imported into a country |
peg | to fix the value of a currency to another currency or gold |
utilities | public service infrastuctures, such as those providing water, electricity and gas |
variabe costs | production cost which change in proportion to the volume of production |
prime cost/direct cost | the cost of raw materials and labour involved in manufacturing |
scrap value | the price at whichan asset can be sold at the end of its useful life |
input | smth that is put into a system or process and transformed into an output |
output | smth produced by a system or process the quantity of goods and services produced by a company |