Having Reviewed the Fast Facts at the Start of the Chapter

question 6

Essay

Having reviewed the Fast Facts at the start of the chapter 5 (Water), which fact is most compelling (surprising) to you and why?

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Definitions:

Incremental Revenue

Additional income generated from a new sale, project, or strategy, over and above existing revenue streams.

Incremental Costs

Costs that change as a result of a new decision or alternative action, also known as marginal costs.

Incremental Costs

Incremental costs are the additional costs incurred when a business increases its level of operations or production.

Make or Buy

A decision-making process used by companies to determine whether to produce goods in-house or purchase them from an external supplier.