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Sinbad Cola, a soft drink manufacturer, recently opened a plant in Buron.The wastages from the plant were dumped in the Buron Sea, situated a mile away from the plant.Dumping of wastes in the sea resulted in water pollution, which negatively affected the Buron fishing business, and also resulted in groundwater contamination.Sinbad Cola compensated by bringing contamination levels down with additional filters, and paying damages to the local fisheries.Which theory of business social responsibility did Sinbad Cola meet when they compensated for their harmful wastage disposal methods?
Contribution Margin
The amount by which sales revenue exceeds variable costs; it contributes to covering fixed costs and generating profit.
Variable Categories
Classes or groups of variables in statistics or data analysis that can take on different values and are used to categorize or differentiate data points.
Contribution Margin
The amount remaining from sales revenue after variable expenses have been deducted, indicating the amount available to cover fixed costs and generate profit.
Gross Margin
The difference between sales revenue and the cost of goods sold, which represents the profitability of selling goods.
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