CAPITAL INTENSIVE
A business system or a sector that needs huge number of money and other monetary resources to create a service or good. A business is regarded as capital intensive according to the ratio of the capital needed to the worth of labor that is necessary.
Some sectors usually thought of as capital intensive include refining and oil production, transports and telecommunications such as airlines and railways.
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Local governments assess property tax on real estates. The tax is often based on the property’s value.
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A contract that produces products or services for a bigger amount that would be anticipated profit. A lease contract is an example of onerous contr ...
Overhead
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Substitute
Product or service replacing and satisfying the need of a consumer. This can be perfect or imperfect, depending on whether the substitute partially ...
Materials Requirement Planning - MRP
A production planning and inventory control system designed to manage manufacturing processes and production. A software based integrated informati ...
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