INCREMENTAL COST Definition

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INCREMENTAL COST is the increase or decrease in costs as a result of one more or one less unit of output.

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IDB is Industrial Development Board.

ORDER is a listing of goods or services requested from a supplier with specifications and desired delivery method.  A company starts the purchase process internally with a requisition, which results in an order being transmitted to a supplier.  When the supplier ships the goods or provides the service, an invoice is sent to the customer telling the customer the specifications, delivery method, and price of those goods or services.

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