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Businesses invest time and money in social networking to increase profit margins per sale.
Contribution Margin
The amount by which a product's sales revenue exceeds its variable costs, indicating how much it contributes to covering fixed costs and generating profit.
Departmental Performance
refers to the evaluation of how individual departments within an organization are performing, often measured by financial results, productivity, and achievement of goals.
Advancements in Technology
Ongoing progress and developments in technology that enhance capabilities, improve efficiency, and contribute to various sectors like business, medicine, and education.
Direct Expenses
Costs that can be directly traced to a specific product, service, or department, such as direct materials or direct labor required for production.
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