Companies Frequently Use Podcasts and Wikis for a Variety of Purposes.Explain

question 32

Essay

Companies frequently use podcasts and wikis for a variety of purposes.Explain each and then describe three ways a company could use each one for professional purposes.

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Definitions:

Production Function

A model in economics that describes the relationship between the quantities of productive factors used (inputs) and the amount of product obtained (outputs).

Inputs

Resources used in the production of goods and services, such as labor, materials, and capital.

Output

The total amount of goods or services produced by a company, system, or economic process.

Marginal Product

The additional output that is produced by using one more unit of a particular input, ceteris paribus.