Examlex
Which type of control is a method of gathering information about performance deficiencies before they occur?
Marginal Revenue
The revenue increase from the sale of an additional unit of a good or service.
Marginal Cost
The additional cost incurred by producing one more unit of a product.
Raise Price
An action taken by a seller to increase the selling price of a product or service, often in response to higher costs or in an attempt to increase profits.
Economic Profit
The difference between total revenue and total costs, including both explicit and implicit costs, representing the excess that remains after a firm has paid all costs.
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