Examlex
The need for financial planning declines as your income increases.
Markup Per Unit
The sum added onto the purchase price of products to account for overhead costs and generate profit.
Unit Selling Price
The amount of money charged to the customer for a single unit of product or service.
Contribution Margin
The difference between sales revenue and variable costs, representing the amount that contributes to covering fixed costs and generating profit.
Contribution
The portion of sales revenue that exceeds variable costs, contributing towards covering fixed costs and generating profit.
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