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In order to do the right thing for all stakeholders, a business should be managed ethically.
Total Revenue
The total income generated from the sale of goods or services by a company.
Profitable One
An entity or venture that generates income exceeding its costs and expenses, thereby yielding a surplus or profit.
MC > MR
A condition where the marginal cost of producing an additional unit is greater than the marginal revenue gained from selling it, indicating it’s not profitable to increase production.
Profit Maximized
The point at which a firm achieves the highest possible profit, typically by adjusting output levels or prices.
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