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Approximately how long does it take for a parcel of air to circle the globe?
Economies of Scale
The financial advantages gained by enterprises from their operational size, where the per-unit cost decreases as the operation size increases.
Unit Cost
The cost incurred to produce, manufacture, or acquire one unit of a product or service.
Economic Profits
Profits that exceed both the explicit and implicit costs of a business, including a normal return on investment.
Differentiate Products
The process of distinguishing a product or service from others in the market to make it more attractive to a particular target market.
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