The Collection of People,technology,and Systems Within an Organization That Has

question 18

Short Answer

The collection of people,technology,and systems within an organization that has primary responsibility for providing the organization's products or services is ________.

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Definitions:

Labor

The human effort, both physical and mental, used in the production of goods and services, a critical factor in determining productivity and economic output.

Output

Output refers to the total quantity of goods and services produced by an economy or business in a specific period.

Marginal Product

The supplementary yield achieved by the utilization of one additional unit of a variable factor, with all other resources remaining fixed.

Fixed Cost

Costs that do not vary with the level of production or sales, such as rent or salaries, over a relevant period.