Which of the Following Is an Example of a Critical

question 30

Multiple Choice

Which of the following is an example of a critical success factor?

• A)Increase customer satisfaction
• B)Number of new customers
• C)Number of new products
• D)Percentage of employee turnover

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Definitions:

Total Fixed Cost

The sum of all costs that remain constant regardless of the level of production or business activity.

Output

The total amount of goods and services produced by a company, sector, or economy.

Total Output

The total quantity of goods and services produced by an economy or firm during a specific period.

Marginal Cost

The cost incurred by producing one more unit of a product or service.