Examlex
Which of the following is NOT a trend affecting marketing strategy planning in the area of Demographic Patterns?
Marginal Product
The additional output gained by employing one more unit of a given input.
Resource Maximization
It is the technique or strategy of optimally utilizing resources to achieve the highest possible output or efficiency.
Least-costly Combination
A perfect combination of resources that lowers the production cost while reaching a target output level.
Profits
Financial gains realized when the revenues from business activities exceed the expenses, costs, and taxes needed to sustain the operation.
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