Examlex
Rosario is passionate about design thinking.She was approached to design an automatic door system that would shield nursing home residents from extreme weather as they travel between facility buildings.As part of her process,she talked to residents about what was important to them,interviewed staff,and observed the ways the current doors were used in order to better meet the needs of the people actually using the doors.This shows that Rosario possesses what essential skill for design thinkers?
Fixed Costs
Expenses that do not change with the level of production or sales activity, such as rent, salaries, and insurance premiums.
Contribution Margin
The amount by which sales revenue exceeds variable costs of goods sold, indicating how much revenue contributes towards covering fixed costs and generating profit.
Variable Costs
Expenses that change in proportion to the level of production or sales activity, such as raw materials and direct labor.
Break-even Sales
The amount of revenue needed to cover total costs, resulting in neither profit nor loss.
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