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What is patronizing speech and how does it affect older adults?
Variable Expense
Costs that change in proportion to the level of production or sales activity.
Contribution Margin Ratio
The percentage of each sales dollar that remains after variable costs have been deducted, indicating how much contributes to fixed costs and profits.
Cost-Volume-Profit Graph
A visual representation that shows the relationship between cost, volume of production, and profit, to analyze how changes in variables affect profits.
Total Revenue
The overall amount of money generated by a business from its activities, such as sales of goods or services, before any expenses are subtracted.
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