Examlex
is the systematic collection and analysis of publicly available information about consumers,competitors,and developments in the marketing environment.
Short Run
A time period in economics during which at least one input, such as plant size or capital, is fixed and cannot be changed.
Total Fixed Cost (TFC)
The sum of all costs required to produce any level of output that does not change as the level of production increases or decreases.
Total Costs (TC)
The total of variable and fixed expenses a business faces while creating goods or services.
Total Fixed Costs
The overall sum of all costs that do not change with the level of output, such as rent, salaries, and insurance.
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