Examlex
What type of control system focuses on the content of strategic actions rather than performance outcomes?
Average Total Cost
The total cost of production (fixed plus variable costs) divided by the quantity of output produced, representing the average cost per unit of output.
Marginal Cost
The amount spent on producing an incremental unit of a product or service.
Output
Refers to the amount of product or service produced within a given period by a firm, industry, or country.
Fixed Costs
Expenses that do not change with the level of production or business activity, such as rent, salaries, and utility charges.
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