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Why is differentiation valuable?
Fixed Expenses
Costs that do not change with the level of production or sales over a short period, such as rent or salaries.
Contribution Margin Ratio
A metric used to assess a product's profitability, calculated by subtracting variable costs from sales revenue and dividing by sales revenue.
Break-even Point
The point at which total costs equal total revenue, meaning that a business is neither making a profit nor incurring a loss.
Net Loss
The amount by which expenses exceed revenues over a specific period, indicating a negative financial performance.
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