Examlex
The unlimited-payment method of controlling salespeople's expenses imparts considerable flexibility to a rep's operations.
Marginal Product
The additional output that is produced by adding one more unit of a particular input while keeping other inputs constant.
Minimizing Costs
A strategy or process aimed at reducing expenses in production or operations to increase profitability.
Substitute Resources
Productive inputs that can be used instead of other inputs in the production process; resources for which an increase in the price of one leads to an increase in the demand for the other.
Capital Goods
Long-lasting goods that are used in the production of other goods or services.
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