Examlex
Distribution advantages of a large brand or franchise might include an internationally recognized brand name and mass buying and bargaining power.
Marginal Product
The additional output that is produced by adding one more unit of a specific input, while holding all other inputs constant.
Marginal Cost Curve
A graphical representation showing how the cost of producing one more unit of a good varies as the production volume changes.
Marginal Cost
The cost of producing one extra unit of a product or service.
Assembly Line
A manufacturing process in which parts are added to a product in a sequential manner to create a finished product more efficiently.
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