Which of the Following Is Most Likely to Be an Example

question 94

Multiple Choice

Which of the following is most likely to be an example of a shopping product?

• A)toothpaste
• B)life insurance
• C)laundry detergent
• D)television
• E)candy

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Definitions:

Automated Equipment

Machinery and tools that operate with minimal human intervention, often used to enhance efficiency in manufacturing or production processes.

Contribution Margin Ratio

A financial ratio that shows how much of a company's sales revenue is available to cover its fixed costs and contribute to net profit, calculated as contribution margin divided by sales revenue.

Fixed Costs

Fixed costs are business expenses that remain constant regardless of the level of production or sales, such as rent, salaries, and insurance.

Break-Even Point

The financial state where a company's total revenues equal its total costs, resulting in neither profit nor loss.