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Organization B is attempting to foster proactive change within the organization. In order to do so, it is implementing some new programs to train employees to be more in tune with customer needs, allowing the employees to find the right solution to issues and problems by doing it right the first time. Organization B is also implementing systems that will hopefully help its processes and services to constantly improve. What is Organization B implementing?
Contribution Margin Ratio
The proportion of sales revenue that exceeds variable costs, indicating how much contributes to covering fixed costs and generating profit.
Target Profit
The amount of net income a company aims to achieve for a specific period as part of its financial and operational planning.
Monthly
Pertaining to, occurring, or calculated over a month.
Dollar Sales
The total monetary value of sales transactions over a specified period, often used to measure business performance.
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