Reflecting on Your Notes Will Help You To

question 30

Multiple Choice

Reflecting on your notes will help you to:

• A)Make it easier to complete the readings
• B)Accurately recite new material
• C)Think about what you have learned
• D)Integrate and use new information with what you have already learned

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Definitions:

Dropping Product

The decision to discontinue the production and sale of a product line or item, typically due to it not meeting financial or strategic goals.

Contribution Margin

The amount remaining from sales revenues after all variable expenses are paid, contributing towards covering fixed costs and profit.

Discontinue

To stop making or providing a product or service, often as a strategic decision by a company.

Sunk Cost

Expenses that have already been incurred and cannot be recovered or altered, which should not affect future business decisions.