Examlex
Effective communication skills rank at the top of the list of important qualities and skills that an employee should possess.
Profit Maximization
The procedure through which a business identifies the pricing and production volume that yields the highest earnings.
Market Price
The price at which a good or service is offered in the marketplace.
Profit Maximization
A rephrased definition: The strategy or aim of a firm to achieve the highest profit possible, usually by adjusting outputs, prices, or production costs.
Market Price
The current price at which an asset or service can be bought or sold in the open market.
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