Developing a new product, fulfilling an order, and hiring a new employee are all examples of business processes.
Indicate whether the statement is true or false
Question 2
The idea that the more any given resource is applied to production, the lower the marginal gain in output, until a point is reached where the additional inputs produce no additional output, is referred to as:
A) the point of no return.
B) the law of diminishing returns.
C) supply and demand.
D) inelasticity.
E) virtual economics.
