Examlex
What is descriptive of most cases of hemophilia?
Contribution Margin
The amount remaining from sales revenue after variable expenses are deducted, indicating the ability to cover fixed costs.
Scarce Resource
A resource with limited availability relative to its demand.
Variable Cost Concept
A pricing strategy where the selling price covers the variable costs per unit, plus a portion of the fixed costs.
Cost-Plus Approach
A pricing strategy where a fixed percentage or a fixed amount is added to the cost of the product to determine its selling price.
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