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Describe two advantages and two disadvantages of a signature-based system.
Actual Sales
The total revenue a company generates from selling its goods or services, minus any returns or refunds.
Fixed Expenses
Regularly occurring costs that remain constant in total regardless of changes in activity within a relevant period.
Contribution Margin
The difference between a company's sales revenue and its variable costs, serving as a measure of the profitability of individual products.
Monthly Unit Sales
The total number of units of a product sold by a company in a given month, often used to track sales trends and forecast demand.
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