Examlex
What are the factors present in the PESTEL framework that have an influence in determining the success of an organization?
Losses
Losses refer to the amount by which expenses exceed revenues in a particular period, indicating a negative financial performance for a business.
Constant-cost Industry
An industry in which the costs of production, including the prices of raw materials and wages, do not change as the industry's output changes.
Long-run Equilibrium
A state in which all factors of production and costs are variable, allowing for full adjustment to any changes in the market.
Market Price
The price at which goods can be sold or bought in a market, reflecting the supply and demand dynamics at any given time.
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