TARGET MARGIN is the desired profit on each sale; used to determine the selling price where the average total cost is known.
MANAGEMENT INFORMATION SYSTEM (MIS) is a well-developed data management system that provides uniform organizational information from all areas of the entity within a database. Information within the database is manipulated to help management reach accurate and rapid organizational decisions.
ASSOCIATE, in business, is a person brought together with a company or another person into a relationship in any of various intangible ways.
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