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The New Managerial Economics
William Boyes, Arizona State University
Glossary
Chapter 01: Economics and Management

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z



core competency the main thing a firm does






free ride occurs when someone receives benefits without paying for those benefits






market share percentage of total sales made by one firm






total quality management devoting resources to ensuring that quality is high--often implied that marginal revenue from quality is less than marginal cost of obtaining quality







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