Examlex
A chainsaw company markets its products only in areas with forests.In this case, the segmentation approach used by the company is:
Function
A mathematical relation in which each element of a domain is associated with exactly one element of a range.
Production Function
An equation or graph that represents the maximum output that can be produced with a given set of inputs, showing the relationship between input and output levels in the production process.
Factors Of Production
The inputs used in the production of goods or services in the attempt to make an economic profit, including land, labor, capital, and entrepreneurship.
Input
Resources used in the production process, including labor, capital, materials, and energy.
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