Contract, Contractor, Contract Purchasing, Contribution

Contract, Contractor, Contract Purchasing, Contribution :

Contract :A mutual agreement which can be forced by the law between two or more parties to either accomplish or not to accomplish something

Contractor :A person who undertakes the responsibility of provision of materials and services for a particular charge

Contract Purchasing :a mutual agreement between the producer and the consumer whereby the material required by the consumer is made available by the producer at specified intervals over a span of time in order to confirm a stable and continuous supply as well as price

Contribution : the disparity between the selling price of a product and its variable cost of production. It is also referred to as the contribution to overhead and profit, marginal income or marginal contribution : the role played by each plan in the overall profitability and the level of production of a firm


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