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How does the functionality of a switch differ from the functionality of a hub?
Maximize Profits
The process by which a firm chooses its production level and pricing strategy to earn the highest possible profit based on its costs and market demand.
Productivity
An indicator of production effectiveness typically expressed as the proportion of products generated to the resources used in creating them.
Output
The amount of goods or services produced by a company, industry, or economy within a particular period.
Input
Inputs like workforce, raw materials, and financial assets employed in the process of manufacturing products or delivering services.
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