Examlex
Which of the following is an excellent source of information about a retailer's offering that helps in increasing customer satisfaction?
Inputs Prices
The cost of the resources used in the production process, including raw materials, labor, and overhead.
Labor and Capital
Labor and capital are the two main factors of production; labor refers to human work, while capital refers to assets used in producing goods and services.
Profit-maximizing Level
The output level at which a firm maximizes its profits, determined by the point where marginal cost equals marginal revenue.
Total Revenue
The aggregate sum of funds a company acquires from selling products or offering services over a specified duration.
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