Examlex
For the variable of organizational results,which question below is typical of one used in a training evaluation survey?
Marginal Cost
The price rise from the production of an additional unit of a product or service.
Diminishing Returns
A principle stating that as one input in the production process is incrementally increased, there will be a point at which the added output from each additional unit of input will start to decrease.
Diseconomies of Scale
This phenomenon occurs when a firm's production costs per unit increase as it produces more, due to inefficiencies that arise from scaling up operations.
Economic Profit
The economic result derived from subtracting a business's entire expenses, both explicit and implicit, from its total incoming funds.
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