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What are the factors present in the PESTEL framework that have an influence in determining the success of an organization?
Variable Cost
Costs that change with the level of production or business activity, such as materials and labor.
Quantity of Output
Refers to the total amount of goods or services produced by a firm or an economy within a specific time period.
Total Cost
The overall expenditure associated with the creation of goods or provision of services, comprising both certain and variable costs.
Marginal Cost
The additional cost incurred by producing one more unit of a product, which can vary depending on the level of production.
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