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What are the similarities and differences between the concepts of race and ethnicity, and how is this important to counseling diverse clients?
Variable Costs
Costs that fluctuate in direct proportion to changes in levels of production or sales activity within a business.
Total Contribution Margin
The amount left over from sales revenue after variable expenses have been deducted; it contributes to covering fixed costs and generating profit.
Fixed Costs
Charges that stay the same no matter the scale of production or sales, like rent, salaries, and insurance.
Variable Costs
Expenses that vary depending on the amount of products or services a company generates.
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