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When marginal cost is greater than average variable cost, average variable cost must be rising.
Succession Planning
The process of identifying and developing new leaders who can replace old leaders when they leave, retire, or die.
Retirement
The phase in life where one voluntarily leaves their job or career, often due to age.
Instrumental Support
Assistance provided to someone in the form of tangible aid or service, such as financial help or offering resources.
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