Which of the Following Areas Is an Organization Focusing on When

question 80

Multiple Choice

Which of the following areas is an organization focusing on when it minimizes waste by not overproducing goods and generating a fair profit for stakeholders?

• A) the economy
• B) the customer
• C) the environment
• D) the government
• E) the society

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Definitions:

Marginal Cost

The charge for producing one extra unit of a product or service.

Price Changes

Variations in the selling price of goods and services over time due to factors like supply and demand, inflation, or external economic conditions.

Advertising

Advertising is a marketing communication that employs an openly sponsored, non-personal message to promote or sell a product, service or idea.

Firm's Profits

The financial gains realized by a company after subtracting all expenses, taxes, and costs from total revenue.