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Describe Spencer's adaptations and extensions of the theory of evolution.Why was his philosophy,particularly his concept of social Darwinism,so popular in the United States?
Operating Profit
Earnings before interest and taxes (EBIT), representing the profit a company makes from its operations after subtracting operating expenses from revenue.
Sales Mix
The proportion of different products or services that make up the total sales of a company.
Unit Contribution Margin
The amount each unit sold contributes to covering fixed costs and generating profit, calculated by subtracting variable costs per unit from the selling price per unit.
Break-Even Point
The financial point at which total revenues equal total costs and expenses, resulting in no net loss or gain.
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