Examlex
According to Hofstede's framework,cultures that score high on ________ value respect for tradition,thrift,and perseverance,and have strong work ethics.
Total Utility
The total satisfaction or benefit derived by a consumer from consuming a given quantity of goods or services.
Utils
A hypothetical unit of measurement used in economics to quantify utility or satisfaction gained from consuming a good or service.
Process Innovation
The implementation of a new or significantly improved production or delivery method in business operations.
Economies of Scale
Cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale as fixed costs are spread out over more units of output.
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