Examlex
What are the three most commonly found areas for potential cuts and improvements in a troubled company?
Average Variable Cost
The total variable costs divided by the quantity of output produced.
Total Variable Costs
The sum of all costs that vary with output level, including costs for raw materials, labor, and other expenses that increase with production.
Output Increases
A situation in which the quantity of goods or services produced in an economy rises.
Production Technique
The method or process used by businesses to produce goods or services, which can vary in efficiency, cost, and quality.
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