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Statistically, when a manager considers more options, there is a greater chance of finding an optimal solution.
Variable Cost
Costs that fluctuate in direct proportion to changes in production volume or activity levels.
Fixed Costs
Business expenses that remain constant regardless of the level of production or sales.
Capacity
The maximum amount that something can contain or produce.
Labour Costs
The total expenditures for hiring employees, including wages, benefits, taxes, and any other costs associated with employing labor.
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