What Role Does Good Communication Play Toward Creating an Organization's

question 5

Essay

What role does good communication play toward creating an organization's competitive advantage?

---

Definitions:

Variable Factors

Inputs or resources whose usage level can be altered in the short run to influence the level of output produced.

Warehouse Space

The area available in a warehouse used for the storage of goods.

Cost Function

An equation or formula that determines the total cost of production based on the relationship between costs and output levels.

Profit-Maximizing Output

The level of production at which a business achieves the highest possible profit, balancing costs against revenues.