JOB COSTING Definition

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JOB COSTING, generally, it is the allocation of all time, material and expenses to an individual project or job; specifically, JOB COSTING is normally software based and provides for budgeting, forecasting, collecting and reporting on the expenditure and revenue associated with specific projects or jobs.

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CHURN RATE is the percentage of customers (e.g., cellular telephone subscribers) that cancels their service per month.

MARKET SEGMENT is a group of consumers, within a broader market, that has similar characteristics and needs.

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