Examlex
Which of the following is true of self-managing work teams?
Sales Mix
The relative proportions in which a company’s products are sold. Sales mix is computed by expressing the sales of each product as a percentage of total sales.
High-margin Items
Products or services that generate a significantly higher percentage of profit compared to their cost of production or acquisition.
Low-margin Items
Products or services that generate a minimal profit margin, often sold to attract customers or achieve volume sales.
Contribution Margin Ratio
A financial metric indicating the portion of sales revenue that is not consumed by variable costs and therefore contributes to covering fixed costs.
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