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What are the primary conditions necessary for the success of a prospector business in the critical dimensions of new product success and increased volume and market share?
Selling Price Per Unit
The amount at which a single unit of product is offered for sale to customers.
Contribution Margin
The amount by which a product's sales exceed its variable costs; used to cover fixed costs and contribute to profit.
Variable Cost
Costs that vary in direct proportion to changes in levels of activity or volume of goods produced, such as materials and labor.
Selling Price
The amount charged to customers for a product or service, determining the revenue earned by a business.
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