Difference between Short run and Long run:
Difference between Short run (i.e., Laws of returns) and Long run (i.e., Returns to scale) Production function:
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Steps of activity based costing - The costing system that is already existing should be capable to adopt the activity based costing system that is why product costs can be precisely determined and correct pricing decisions can be taken in a competitive business environment.
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The transfer prices might be fixed on the basis of 'Negotiated Prices' that are fixed by negotiations among the selling and the buying division.
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