Examlex
Upward communication sends messages from the lower levels of the organizational hierarchy to the higher levels and downward communication sends messages from the upper levels of the organizational hierarchy to the lower levels.
Profit Maximizing
A company's strategy aiming to achieve the highest possible profit given its products, market conditions, and operational costs.
Units of Output
The individual items or quantities of service produced by a company, sector, or economy.
Demand Curve
A visual representation that shows the relationship between the price of a product and the quantity of it that consumers are willing and able to purchase at various prices.
Marginal Revenue
The extra revenue generated by the sale of an additional unit of a product or service.
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