Examlex
In strategic management the context refers to description, selection and justification of a certain strategy (or strategies).
Marginal Utility
Marginal Utility is the added satisfaction or benefit a consumer receives from consuming one more unit of a good or service.
Diminishing Marginal Utility
The principle that the utility or satisfaction gained by consuming each additional unit of a good or service decreases as more of that good or service is consumed.
Marginal Utility
The extra pleasure or benefit derived from consuming an additional unit of a product or service.
Demand Curve
A graph showing the relationship between the price of a good and the quantity of that good that consumers are willing and able to purchase at various prices.
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