Determine Whether the Following Claim Is Too Vague in the Context

question 139

Short Answer

Determine whether the following claim is too vague in the context that is stated or implied: Said at a party: "What did I think of the concert? I thought it was pretty good. You should have been there."

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Definitions:

Contribution Margin

The amount by which a product's sales price exceeds its variable costs, used to cover fixed costs and generate profit.

Variable Selling Expenses

Costs that fluctuate with the level of sales activity, such as commissions and shipping fees.

Contribution Margin

The amount remaining from sales revenue after variable expenses are subtracted, used to cover fixed costs and generate profit.

Variable Administrative Expenses

Costs that change in proportion to the activity of a business.