Examlex
________ occurs when the simulation is repeated over enough time that the average results for performance measures remain constant.
Contribution Margin
The difference between sales revenue and variable costs, used to cover fixed costs and contribute to profits.
Gross Margin
The financial metric representing the difference between revenue and the cost of goods sold, divided by revenue, often expressed as a percentage. It indicates how efficiently a company is using its resources to produce goods.
Contribution Margin
Contribution margin is the revenue remaining after deducting variable costs, used to cover fixed costs and profit.
Variable Cost
Costs that change in proportion to the level of goods or services that a business produces.
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