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As long as an additional unit of output yields a marginal revenue larger than its marginal cost, it will be adding to total profits of the firm.
Startups
are newly established businesses, typically in the technology sector, characterized by their innovative products or services and scalability.
Flexible
Capable of being easily modified to adapt to new conditions or circumstances without significant difficulty.
Customer Value Proposition (CVP)
A business or marketing statement that describes why a customer should buy a product or use a service, focusing on the unique value the product or service provides.
Effective
Refers to something being successful in producing a desired or intended result.
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