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How is the use of a balanced scorecard as a performance evaluation system helpful to companies?
Marginal Cost
The cost of producing one additional unit of a product, often used to decide the amount of production.
Profit Maximizing
A company's strategy aiming to achieve the highest possible profit given its products, market conditions, and operational costs.
Units of Output
The individual items or quantities of service produced by a company, sector, or economy.
Demand Curve
A visual representation that shows the relationship between the price of a product and the quantity of it that consumers are willing and able to purchase at various prices.
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