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10 cards from this deck
Maximum output a business can produce with available resources
Actual production falls below maximum potential output
Output produced per worker in a given time period
Cost of producing one single unit of output
Total cost ÷ Units of output
Lower unit costs → more competitive pricing
Close to 100% capacity whilst maintaining flexibility
Unit costs fall (fixed costs spread over more units)
Technology, training, job redesign, workforce reduction
Changing job content in terms of duties & responsibilities
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