Examlex
Contact with the customer is usually higher in a manufacturing process than in a service process.
Total Variable Cost
The total of all costs that vary with output level in the short run.
Output
The total amount of goods or services produced by a company, industry, or economy within a specific period.
Total Cost
The aggregate cost of producing a given level of output, including both fixed and variable costs.
Output Level
The total quantity of goods or services produced by a firm or industry within a specific period.
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