Examlex
What is the balanced scorecard? What are the four areas to be addressed?
Average Variable Cost
The per-unit variable cost, determined by dividing the total variable costs by the number of units produced.
Marginal Revenue
The increase in profit from selling an extra unit of a good or service.
Average Nightly Room Rate
A measure used in the hospitality industry to calculate the average price paid per room per night.
Monopolistic Competition
A marketplace setup where plenty of businesses distribute products that resemble each other but are not duplicates, allowing them a partial degree of marketplace power and the ability to individualize their offerings.
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