People keep spending additional units of a particular resource on a want until their marginal benefit is <u>not affected by their</u> marginal cost.
The term marginal cost alludes to the opportunity cost related with delivering one increasingly additional unit of a good. Opportunity cost is a basic idea to financial aspects - it alludes to the estimation of the most elevated value alternative opportunity.
Marginal benefit alludes to what individuals will surrender with the end goal to get one more unit of a decent, while marginal cost alludes to the estimation of what is surrendered with the end goal to deliver that additional unit. Additional units of a decent ought to be delivered as long as negligible advantage surpasses minimal expense. It is wasteful to deliver merchandise when the peripheral advantage is not exactly the minor expense. Subsequently a proficient dimension of item is accomplished when marginal benefit is equal to marginal cost.
They didn't believe in the after-life with their religion. They invented the wheel, plow, irrigation systems, and the sailboat. Priests had a higher power than the queen and king. They believed in the 4 main gods; Earth, air, heaven, and water.
Answer:
The correct answer to the following question will be "Operations strategy".
Explanation:
A strategy outlining how an entity should distribute resources to maintain development and services.
It is usually guided by the organization's business performance approach and is structured or intended to optimize the efficiency of the components of development and service thereby reducing costs.
Describes how to incorporate in corporate strategy;
- It's how the operations of an organization are intended to produce the kinds of products and commodities that help the corporate strategy of the company.
Therefore, Operation strategy is the right answer.
