Examlex
________ refers to the activities and investments committed to gain returns from the new product or service arising from the opportunity.
Marginal Product
The elevation in production output stemming from the addition of one unit of input.
Profit Maximization
The process or strategy where a firm adjusts its production to achieve the highest possible profit.
Capital
Financial assets or the financial value of assets, such as funds held in deposit accounts, as well as the physical factors of production including machinery, buildings, and land.
Labor
The contribution of human physical and mental energies in the fabrication of goods and the supply of services.
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