What Is the 10-Second Rule

question 69

Multiple Choice

What is the 10-second rule?

• A)If you drop an item in a store,it's still safe to pick it up after 10 seconds
• B)Hold an item for 10 seconds before you put it in your cart,asking yourself if you really need the item and,can afford to pay for it
• C)Put an item in your cart and,if you don't want it after 10 seconds take it out
• D)All of the choices are correct.

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Definitions:

Expenses

The monetary costs incurred in the process of generating revenues, including fixed, variable, and semi-variable expenses.

Contribution Margin Ratio

A financial metric expressing the percentage of each sales dollar remaining after variable costs are subtracted.

Fixed Expenses

Costs that do not change with the level of production or sales over a certain period, such as rent, salaries, and insurance.

Unit Contribution Margin

The difference between the selling price of a unit and its variable costs, indicating how much each unit contributes to covering fixed costs and generating profit.