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Markwin Electronics Is a Company That Only Sells Products Online

question 76

Essay

Markwin Electronics is a company that only sells products online. Orders are taken through an interactive Web site, and goods are shipped out through a small warehouse the company owns. Markwin employees also handle the shipment of goods to desired destinations. How could marketing intermediaries help Markwin expand its business?


Definitions:

Average Cost

The total cost divided by the number of goods produced, also known as cost per unit.

Total-Cost Curve

A graph that shows the relationship between the total cost incurred by a firm and the level of output produced.

Production Function

An equation or graph showing the maximum output that can be produced with a given set of inputs, such as labor and capital, under existing technology.

Marginal Product

Enhanced output originating from the inclusion of an additional input unit.

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