Examlex
Assume that you are the new sales manager of IncPot; a school supply manufacturer. IncPot is in the midst of a regional rollout, and it's your responsibility to select a geographic location to serve as an organizing point for a new territory. Which of the following would be your most likely choice?
Input
The resources, materials, or labor used in the production of goods and services.
Output
In economics, output refers to the total amount of goods and services produced by a company, sector, or economy within a certain period of time.
Function
A relation between a set of inputs and a set of permissible outputs, specifying a single output for each input.
Production Function
An equation that describes the relationship between the quantities of productive factors used and the amount of product obtained.
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