Examlex
To be an effective manager,you must first do your planning,then your organizing,then your leading,and finally your controlling.
Production Possibility Frontier
A graph that shows the highest possible mix of two goods that can be made with the existing resources and technology.
Opportunity Cost
The price paid for not choosing the next most favorable option when making a decision or opting for one alternative over another.
Baking Technique
A method or process involved in cooking food using prolonged dry heat, typically in an oven, without direct exposure to flames.
Specialization
A method of production where a business or area focuses on the production of a limited scope of goods or services to gain greater degrees of productive efficiency.
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