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Anything which affects the functioning of an organization is considered to be an environment.
Ford Motor Company
An American multinational automaker founded by Henry Ford, known for revolutionizing the automobile industry.
Constant Returns to Scale
A condition where increasing all inputs by the same proportion results in an increase in output by that same proportion.
Minimum Efficient Scale
The smallest level of production at which long-run total average costs are minimized.
Diseconomies of Scale
A situation where a company or organization grows so large that the costs per unit increase, leading to reduced efficiency.
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