All of the Following Are Good Metrics a Firm Can

question 54

Multiple Choice

All of the following are good metrics a firm can use to measure the success of a business process EXCEPT for:

• A) A customer's satisfaction with the quality of the product received
• B) The time elapsed from when the customer placed an order to the time the product is received
• C) The change demographics of a region.
• D) The number of orders the customer places in a given timeframe.
• E) Profitability of a goods f) Revenue received from a service

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Definitions:

Marginal Productivity

The change in output resulting from employing one more unit of a particular input, keeping all other inputs constant.

Income Distribution

Refers to how a nation’s total GDP is distributed amongst its population.

Equilibrium Quantity

The level of output at which the demand for a product matches its supply, marking a state of balance in the market.

Equilibrium Price

The price point in a market at which the supply of goods matches demand, leading to a stable market condition.