Examlex
What is an opportunity cost and why should managers consider it when making decisions?
Market Acceptance
The degree to which a new product, service, or business model is embraced by potential customers and the market at large.
Capacity
The maximum level of output that a company can sustain to produce in a given period under normal conditions.
Utilization
The extent to which a resource, such as equipment or labor, is being used effectively to produce goods or services.
Efficiency
The ratio of the output gained from a system to the input used, typically expressed as a percentage indicating performance or productivity.
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