Examlex
3M implemented the Six Sigma process that focuses on specific events rather than system-wide causes of problems.This is a positive example of a learning organization.
Marginal Cost
The cost of producing one additional unit of a product.
Average Total Cost
The total cost of production divided by the quantity of output produced, representing the cost per unit of output.
Profit
The financial gain made in a transaction or the operation of a business after subtracting all expenses.
Harvest
The process of gathering mature crops from the fields.
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