Examlex
When you call on a prospect,your words,visual materials,and body language are all used to communicate with your prospect.With reference to the communication process,these are collectively known as:
Average Product
The output per unit of input, calculated by dividing total production by the total quantity of input.
Labor
The work performed by humans that is used in the production of goods and services.
Diminishing Marginal Returns
An economic principle stating that as one factor of production increases while others remain constant, the incremental gains in output will eventually decrease.
Input
Resources such as labor, materials, and capital used in the production of goods and services.
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