Examlex

Solved

Explain What Is Meant by an Organization's Internal Customer, and Its

question 14

Essay

Explain what is meant by an organization's internal customer, and its external customers. Use examples to support your explanation of the difference between these two types of customers.


Definitions:

Graph

A visual representation of data, often showing relationships between two or more variables, typically displayed using lines, bars, or points.

Economic Loss

A decrease in financial value, resources, or capital, occurring in various forms such as lost revenue, costs, or opportunity costs.

Operating at a Loss

A financial status where a business's expenses surpass its revenues over a specific period, indicating negative profitability.

Short Run

A time frame in economics during which at least one input is fixed, limiting the ability of businesses to adjust production levels quickly.

Related Questions