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When IBM dropped its organizational structure based on country and reorganized into industry groups worldwide, it became a
Fixed Capital
Assets and investments in physical goods such as buildings and machinery that are not consumed in the production process.
Variable Labor
Labor costs that vary directly with the level of production or business activity.
Average Cost
The total cost divided by the number of units produced, indicating the cost per unit of output.
Marginal Cost
The increase in total cost that arises from an extra unit of production, pivotal for decision-making in production processes.
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