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Marginal cost rises over the range of increasing marginal returns and falls over the range of diminishing marginal returns.
ISO Certification
A recognized standard certification verifying that an organization meets the international standards set by the International Standards Organization.
International Quality Standards
Norms and benchmarks set by international bodies that define the criteria for products, services, and systems to ensure reliability, safety, and efficiency.
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An ongoing effort to improve products, services, or processes by making incremental improvements over time.
Current Performance
The present level of achievement or output in a particular area or activity.
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