Examlex
A __________ is something that an organisation does extremely well, which may give a company an advantage over its competition.
Long-Run
A term referring to a period of time in economics during which all factors of production and costs are variable.
Short-Run
A period where at least one factor of production is fixed, and firms can only adjust the variable factors.
Diminishing Marginal Returns
A principle stating that as an investment in a particular area increases, the rate of profit from that investment, after a certain point, starts to decrease.
Monitoring
The regular observation and recording of activities taking place in a project or program, for oversight and evaluation purposes.
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