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overhead costs (DO)<br />1 FIXED coSTs to pay for administration of an organization.<br /> 2 Costs that do not vary with the level of output.
<strong>Marguerite Ross Barnett Memorial Scholarship Program</strong> – A scholarship program established for Missouri students who are employed at least 20 hours a week while enrolled in 6 to 11 credit hours. The MDHE administers this scholarship program. More information is available at:
http://www.dhe.mo.gov/rossbarnett.shtml.
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product life cycle (D2)<br />The life cycle of a product from when it is an innovation, often protected by PATENTS and hence earning monopoly profits for its producer, through the stage when it is competing with substitutes to its final stage of maturity when its profitability is for the most part due to the ECONOMICS OF scALE arising from a large output. This has been used to explain trade patterns and the behaviour of MULTINATIONAL CORPORAT!ONS.<br /><em>Reference</em><br />Vernon, R. (1971) Sovereignty at Bay, ch.<br /> 2, Harmondsworth: Penguin.
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