Examlex
Internal departmentalization is referred to as product,customer,or territory departmentalization.
Marginal Cost
The expenditure required to create one more unit of a product.
Producer Surplus
The difference between the amount that producers are willing and able to sell a product for and the actual amount they do sell it for.
Demand Curve
A visual plot that illustrates the connection between the cost of a product and the amount of it buyers are prepared and capable of buying at different price levels.
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