Examlex
A process by which organizations face the same conditions,and ultimately tend to end up like each other,is known as:
Opportunity Cost
The loss of potential gain from other alternatives when one alternative is chosen, a fundamental concept in economics.
Real Cost
The total cost of manufacturing or providing a service, including all direct and indirect costs.
Marginal Cost
The cost of producing an additional unit of a product, highlighting the concept of increment in total cost with an increase in production.
Tuition
The fee that educational institutions charge for instruction.
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