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If a training program focuses primarily on ensuring that employees have product or service knowledge,it is taking the strategic initiative to
Marginal Revenue Product
The additional revenue generated from using one more unit of input.
Marginal Product
The extra output generated from increasing a particular input by one unit while keeping all other inputs unchanged.
Output
The total amount of goods or services produced by a firm or economy over a specific period of time.
Derived Demand
The demand for a factor of production or intermediate good resulting from the demand for another good or service, such as the demand for steel being driven by the demand for automobiles.
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