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In the context of common management challenges, leadership deteriorates into micromanagement when entrepreneurs fail to:
Marginal Products
Marginal Product is the extra output, or product, produced by using one more unit of a production input, holding all other inputs constant.
Total Product
The total quantity of output produced by a firm over a given period.
Dogs Washed
The service or action of cleaning dogs by bathing them, often as a professional service.
Diminishing Returns
A principle stating that if one factor of production is increased while others are held constant, the incremental increases in output will eventually decrease.
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