Examlex
____ was designed to serve business needs such as managing inventories and payrolls.
Input
Refers to the resources, materials, or services that are used in the production of goods and services.
Output
The total amount of goods or services produced by a company, industry, or country.
Technological Advance
Refers to the improvement and innovation in technology, leading to increased productivity, better products, or new methods of production.
Marginal Product
The additional output resulting from the use of one more unit of a production input, holding other inputs constant.
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