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The Asian economic miracle occurred in large part thanks to
Contribution Margin
The difference between sales revenue and variable costs, representing the portion of sales revenue that contributes to covering fixed costs and generating profit.
Sales Volume
The quantity of products or services sold within a specific period, critical for revenue and profitability analysis.
Mixed Cost
An expense that contains both a fixed cost component and a variable cost component, changing in total with the level of activity but not proportionately.
High-low Method
An approach to estimate fixed and variable costs by using the highest and lowest levels of activity.
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