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What is human capital? How might one add to their stock of human capital?
Fixed Costs
Costs that do not change with the level of production or sales, such as rent, salaries, and insurance premiums, providing a basis for operational planning.
Operating Profit
Earnings before interest and taxes (EBIT), representing the profit a company makes from its operations after subtracting operating expenses from revenue.
Sales Mix
The proportion of different products or services that make up the total sales of a company.
Unit Contribution Margin
The amount each unit sold contributes to covering fixed costs and generating profit, calculated by subtracting variable costs per unit from the selling price per unit.
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