Examlex
A balanced scorecard is a measurement system that incorporates financial measures that tell the result of actions already taken and operational measures that are the drivers of future financial performance.
Marginal Revenue
The additional income received from selling one more unit of a good or service; it is a critical factor in decision-making for firms in competitive markets.
Total Revenue
The overall amount of money generated by a company from its business activities, usually from the sale of goods or services, before any costs or expenses are deducted.
Output Rising
A situation where the production of goods and services in an economy increases over a certain period.
Optimal Efficiency
The most advantageous level of efficiency where resources are utilized in a way that maximizes output or benefits without waste.
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