Examlex
When a salesperson is given good training,what are the results?
Incremental Cost
The additional cost associated with producing one more unit of a product or service.
Marginal Cost
The increase or decrease in the total cost of a product when the production volume is increased by one unit.
Opportunity Costs
The cost of an alternative that must be forgone to pursue a certain action, representing the benefits that could have been received by taking an alternative action.
Economic Costs
The total cost of choosing one action over another, including both explicit costs (direct payment) and implicit costs (opportunity costs).
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