Examlex
Which of the following functions is typically performed by middle managers?
Profits
The financial gain obtained when the revenue from business activities exceeds the expenses, taxes, and costs associated with maintaining the business.
Marginal Cost
The investment needed to manufacture an extra unit of a product or service.
Marginal Revenue
Enhanced revenue from the sale of an incremental unit of a product or service.
Variable Costs
Expenses that change in proportion to the activity of a business, such as costs for raw materials or production.
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