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Explain the importance of a strong management team for a new venture.
Sales Quantity
The total number of units of a product sold in a particular period of time.
Costs Per Unit
The total expense incurred to produce, store, and sell one unit of a product, including direct and indirect costs.
Contribution Margin
The surplus of sales revenue over the variable production costs, showing how much revenue aids in covering fixed expenses and producing profit.
Sales Price
The amount of money for which a product or service is sold in the marketplace.
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