Once an Offering Is Designed,the Company Must Be Able to Make

question 81

Short Answer

Once an offering is designed,the company must be able to make it and get it to the market; this is known as the delivery of _____.

---

Definitions:

Average Cost

The cost per unit of output, represented by dividing the total production cost by the quantity of units produced.

Marginal Cost

The rise in overall expenses associated with the production of an extra unit of a good or service.

Marginal Revenue

Marginal revenue is the additional income that is gained from selling one more unit of a product or service.

Price Searcher

A firm that determines the price of its products with some degree of market power, usually by differentiating its products from those of competitors.