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Dilbert's Incorporated produced 5,000,000 units of accounting software in 2010.At the start of 2011 the pointy-haired boss reduced total annual hours of employment from 10,000 to 8,000 and production was 4,800,000.These numbers indicate that productivity
Premium Products
Goods of higher quality and price than regular items, often offering superior performance or prestige.
Higher Costs
Situations where the expenses associated with producing goods or services increase, which can impact profit margins and overall profitability.
Increased Quality
The enhancement or improvement of product standards, performance, or service over time.
Price Elastic
Refers to how sensitive the demand for a good is to changes in its price.
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