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Define the Term 'Key Performance Indicator

question 27

Essay

Define the term 'Key performance indicator'.What is the role of the KPI in achieving an organisational goal or strategy?


Definitions:

Behavioral Conditioning

A learning process that involves developing or modifying behaviors through reinforcement or punishment.

Product Differentiation

Product differentiation is the process used by businesses to distinguish their products from those of competitors, through unique features, branding, quality, or other attributes.

Market Power

The ability of a company or entity to influence or control the price and output of a product in the market.

Marginal Utility

The additional satisfaction or benefit gained from using or consuming one more unit of a good or service.

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