Examlex
What is the unit cost of a product if the firm expects to sell 100,000 units,fixed costs being $1 million,and variable cost per unit being $20?
Locus of Control
A psychological concept that refers to how strongly people believe they have control over the situations and experiences that affect their lives.
Internal Locus
The belief that one controls their own life and outcomes, rather than external forces.
External Locus
The belief that one's life events are largely influenced by external forces or the environment rather than personal actions.
Toe Dipper
An individual or entity that cautiously tests or explores a new venture, idea, or market with minimal commitment.
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