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Retainage is a portion of the agreed upon contract price deliberately withheld until the work is complete to assure that contractor or subcontractor will satisfy its obligations and complete a construction project. [1]
In accounting, there is a different technical concept of cost, which excludes implicit opportunity costs. In common usage, as in accounting usage, cost typically does not refer to implicit costs and instead only refers to direct monetary costs. The economics term profit relies on the economic meaning of the term for cost.
Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...
In terms of measurement, the intention measures can typically be obtained using scale items embedded in a customer survey. The retention behaviors must be measured using secondary data such as/ accounting measures of the volume (amount and financial value) and frequency with which a customer purchases the firm's goods or services.
Accounting, also known as accountancy, is the process of recording and processing information about economic entities, such as businesses and corporations. [1] [2] Accounting measures the results of an organization's economic activities and conveys this information to a variety of stakeholders, including investors, creditors, management, and regulators. [3]
Celebrity chef Giada De Laurentiis was flooded with words of love and support after sharing a heartwarming update on Instagram earlier today. The chef, who has a home in the Pacific Palisades ...
Accused UnitedHealthcare CEO killer Luigi Mangione spent his first night back in the Big Apple under the same NYC federal prison as disgraced rap mogul Sean "Diddy" Combs.
This is the perfect time of year—at least here in Boston, where it is still so cold!—to tuck into a comforting bowl of soup. This one is packed with so many healthy ingredients.