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An information technology specialist specifies the type of plug-in (software programs that extend the capabilities of web browsers to give customers the opportunity to watch a video or hear audio) to be used on her company's new website.She also chooses the supplier who receives the contract to provide the software.In the buying centre,this person is the:
Average Total Cost
The total cost of production divided by the quantity produced, indicating the per-unit cost of production.
Cost Curve
A graph showing the relationship between the cost of producing goods and the quantity produced.
Average Fixed Cost
Production's unchanging charges, unaffected by output levels, divided by the total output quantity.
Average Variable Cost
The cost a company incurs to produce one additional unit of a product, calculated by dividing the total variable costs by the number of units produced.
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