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What personal traits are associated with sales success?
Fixed Expenses
Costs that do not fluctuate with the level of production or sales volume, such as rent and salaries.
Annual Profit
The net income a company earns over a fiscal year, after subtracting all expenses, taxes, and costs from total revenue.
Contribution Margin Ratio
The percentage of each sales dollar remaining after deducting variable costs, used to cover fixed costs and profit.
Margin Of Safety
The difference between actual or expected sales and the break-even point, expressing the level of sales fall that can be tolerated before a loss occurs.
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