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Which Breakthrough Helped Make Possible the European Voyages of Discovery

question 8

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Which breakthrough helped make possible the European voyages of discovery in the fifteenth century?

Estimate sales required to achieve a target profit.
Understand the concept of contribution margin ratio and its application in determining target profit sales.
Compute margin of safety in both dollars and percentage terms.
Calculate monthly break-even points in units and total dollar sales.

Definitions:

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A collaborative idea generation process aimed at solving a problem or generating creative solutions.

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The act of collecting data, facts, and insights necessary to make informed decisions or to understand a subject more deeply.

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Marketers who are mindful of the ethical and social impacts of their marketing strategies and strive to create positive change through their practices.

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