Examlex
If the price of a product is $10 per unit and the variable cost per unit is $5, the firm is making a profit.
Survival of the Fittest
A concept from evolutionary theory that suggests that individuals or entities best adapted to their environment are more likely to survive and reproduce.
Self-Awareness
Insightfully processing feedback about oneself to improve personal effectiveness.
Cross-Functional Teams
Teams made up of individuals from various departments or fields of expertise collaborating to achieve a shared objective.
Functional Silos
Organizational units that operate independently from one another, often leading to a lack of cross-departmental communication and coordination.
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