Examlex
Fashion designers have realized that plus size consumers have significant buying power.Which of the following best describes the course of action fashion designers should take to capture this market?
Efficiency
Efficiency refers to the optimal use of resources to achieve a desired output with minimal waste or expense, often analyzed in economic, energy, and operational contexts.
Profit Maximization
The process or strategy of adjusting production and operational variables to achieve the highest possible return or profit.
Variable Costs
These vary with output. When output rises, variable costs rise; when output declines, variable costs fall.
Break-Even Points
The production level or point in sales at which total revenues equal total expenses, resulting in neither profit nor loss.
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