Examlex
What are the ethical implications of adoption of techniques like JIT, flexible manufacturing, self-managed work teams, and reengineering? Do the benefits gained through the use of such techniques outweigh their costs?
Marginal Cost
The expense associated with manufacturing an extra unit of a product or service.
Wholesale Price
The cost of goods sold in large quantities to retailers or distributors for the purpose of resale.
Third-Degree Price Discrimination
A pricing strategy where different prices are charged to different groups of consumers based on their willingness to pay.
Marginal Revenue
The additional income generated from the sale of one more unit of a product or service.
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