Examlex
As part of HR planning, how is job or work design important for implementing company strategy?
Marginal Cost
The cost of producing one additional unit of a product or service.
Output
The total amount of goods and services produced by an economic system, company, or sector within a certain period.
Marginal Cost
The cost incurred by producing one additional unit of a good or service, which varies depending on the level of production.
Profit
The financial gain accrued from a business activity when total revenues exceed total expenses.
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