Examlex
Staff functions are activities that directly contribute to creating and selling a company's products, whereas line functions are activities that support staff functions.
Factor 1
An element or component that contributes to a particular result or situation; can be considered as a contributing variable in different contexts.
Profit
The financial gain obtained when the revenue from selling goods or services exceeds the costs involved in their production or provision.
Production Function
A production function is an equation that describes the maximum output of a good or service an economy or firm can produce given the input resources it has available.
Labor
The human effort, whether physical or mental, used in the production of goods and services.
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