Examlex
The factors of production include
Incremental Costs
The additional costs that are incurred if the level of business activity or output changes.
Out-of-Pocket Costs
Out-of-pocket costs are expenses that individuals directly pay from their funds, not covered by third-party payers like insurance.
Incremental Revenue
Additional revenue generated from a specific action or decision, beyond what would have been generated otherwise.
Special Order
A one-time order that is not considered part of the company's normal ongoing operations.
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