________ Takes Advantage of the Tangible Nature of Manufactured Goods

question 7

Short Answer

________ takes advantage of the tangible nature of manufactured goods to absorb uneven rates of supply and demand.

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Definitions:

Organizational Performance

An analysis of a company's ability to achieve its goals and objectives, measured by factors such as profitability, productivity, and market share.

Variable Cost

costs that vary directly with the level of production or service delivery, such as raw materials and labor expenses.

Fixed Costs

Expenses that do not change in proportion to the activity level of a business, such as rent, salaries, and equipment leases.

Break Even

The point at which total costs and total revenues are equal, leading to no net loss or gain.