Examlex
The value that consumers get (from consuming a product) over and above that they actually paid for the product is called:
Research and Development Costs
Expenses associated with the research and development activities of a company, aiming at new product development and improvement of existing products.
Economies of Scale
Cost advantages that a business can achieve due to an increase in the scale of production, leading to lower per-unit costs.
Diseconomies of Scale
The phenomenon where, as a firm or production process increases in size beyond a certain point, the cost per unit increases, leading to reduced efficiency.
Production Volume
The total quantity of products manufactured within a specific period, indicating the level of output.
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