Examlex
In a product sales force structure, no single salesperson can become an expert in all of the product categories, so product specialization is required.
Production Possibilities Frontier
A curve depicting all maximum output possibilities for two or more goods given a set of inputs (resources, labor, etc.).
World War II
A worldwide war that spanned from 1939 to 1945, engaging the majority of the planet's countries, with all the major powers eventually splitting into two conflicting military coalitions: the Allies and the Axis.
Great Depression
A severe worldwide economic downturn that took place during the 1930s, marked by high unemployment and deflation in most countries.
Production Possibilities Curve
A graphical representation illustrating the maximum quantity of two goods that can be produced within a given period under the conditions of a fixed amount of resources and technology.
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