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A _____ is used in regularly scheduled review meetings with suppliers, so that deficiencies in performance can be noted, discussed, and acted upon.
Marginal Cost
The cost incurred from producing an additional unit of a product.
Average Variable Cost
The total variable costs (costs that change with the level of output) divided by the quantity of output produced, indicating the cost of producing an additional unit.
Marginal Cost
The boost in expenditure linked to creating an additional unit of a good or service.
Average Total Cost
Refers to the sum of all production costs divided by the total output produced, indicating the cost per unit of producing a good or service.
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