Saying That an Organization Is Qualified to Be in Its

question 115

Short Answer

Saying that an organization is qualified to be in its market means it has the right ______________________.

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Definitions:

Human Capital

The competencies, understanding, and expertise held by a person or group, considered regarding their importance to a company or community.

Higher Salaries

Refers to wages that are above the average for a particular profession or region, often due to high demand, skill level, or experience.

Marginal Costs

The additional cost incurred from the production of one more unit of a product or service.

Value of Marginal Product

The additional revenue a firm generates from employing one more unit of input, such as labor, assuming all other inputs are constant.