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Charlie is a Human Resource Manager for a midsize corporate firm.He recently had improvements done to his offices that has saved the company more than 25% of operating costs due to the energy saving upgrades.Charlie is now trying to convince the rest of the department managers to commit to similar improvements.Charlie is advocating for company _______________.
Minimum Price
A minimum price is a legally imposed threshold set above the equilibrium price, below which a certain good or service cannot be sold, often to protect producers.
Profitable Output
The level of production at which a business or economic activity yields the maximum profit.
Firm
A business organization, such as a corporation, partnership, or sole proprietorship, that sells goods or services to consumers in exchange for money.
Total Profit
The overall financial gain made by a business after subtracting all costs from the total revenue generated from its operations.
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