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An important challenge of management is to manage change.
Supremacy Clause
The provision in Article VI of the U.S. Constitution that declares the Constitution, laws, and treaties of the United States "the supreme Law of the Land."
Article VI
A section of the United States Constitution that establishes the Constitution, federal statutes, and treaties as the supreme law of the land, overriding state laws.
Marginal Revenue Product
The additional revenue generated from employing one more unit of a resource.
Average Product
Output per unit of a particular input.
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