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Some scientists have criticized the concept of operational definitions as being too strict stating that a single operational definition could not completely define the meaning of a term. What has been proposed to overcome this criticism?
Composite Unit
A measurement or quantity combining two or more units to represent a product or system's multiple aspects.
Contribution Margin
The difference between the sales revenue and variable costs of a product, indicating how much contributes to covering fixed costs and earning profit.
Contribution Margin
The residual amount from sales income following the deduction of variable expenses, allocated for covering fixed costs and producing profit.
Variable Costs
Expenses that vary in relation to the amount of production or business activity.
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