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Hollis Industries produces flash drives for computers which it sells for $20 each. Each flash drive costs $13 of variable costs to make. During April 1000 drives were sold. Fixed costs for March were $2 per unit for a total of $1000 for the month. How much is the contribution margin ratio?
Sales Trends
The direction and movement in sales performance over a specified period of time, providing insight into consumer behavior and market demand.
Niche Consumers
A select group of consumers with very specific preferences and needs that are different from the larger market.
Norms
Accepted standards or ways of behaving in a group, society, or culture, which guide the actions and expectations of its members.
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