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If all the savings of an owner are invested in his consulting company,an increase in the interest rate increases his implicit costs.
External Environment
The conditions, entities, events, and factors surrounding an organization that influence its activities and choices, such as economic conditions, competitors, and regulations.
Resource Inputs
The materials, labor, and capital that are invested into a system or process to produce goods or services.
Finished Goods
Products that have completed the manufacturing process and are ready for sale or distribution to customers.
Critical Survival Skills
Essential capabilities or proficiencies necessary for individuals or organizations to effectively navigate challenges and maintain viability in their environment.
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