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To Lyla, People Are the Most Important Resource That Her

question 23

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To Lyla, people are the most important resource that her company has. She believes that "her people" can overcome any obstacle. She trains her people and promotes them to higher positions rather than hiring managers from outside the company. What is Lyla's frame of reference?


Definitions:

Travel

The act of moving from one place to another, which can be for various purposes such as leisure, business, or exploration.

Marginal Cost

Marginal cost is the cost increase for producing one more unit of a good or service, adding to the total cost.

Marginal Benefit

The additional benefit received from the consumption of one more unit of a good or service.

Satisfaction

The feeling of pleasure or fulfillment that comes from achieving or exceeding expectations, often related to goods or services.

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