MARKUP Definition

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MARKUP is the amount added to the cost of goods in order to produce the desired profit.

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OPERATING REVENUE is that revenue realized from the day-to-day operations of the entity, e.g., sales revenue.

SOCIAL COST is the cost to society as a whole from an event, action, or policy change. Includes negative externalities and does not count costs that are transfers to others, in contrast to private cost.

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