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IBM regularly creates what it calls global action teams, which take people from functional groups and bring them together to work on large client projects. These global action teams are a type of
Zero Marginal Cost
The situation in which producing an additional unit of a good or service does not incur any additional cost.
Fixed Cost
Costs that do not change with the level of production or output, such as rent, salaries, and loan payments.
Patent
A legal right granted to an inventor that provides exclusive commercial rights to an invention or process for a certain period.
Inverse Demand Function
A mathematical formula that expresses the price of a good or service as a function of the quantity demanded, demonstrating how price is influenced by changes in demand.
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