Examlex
Connectedness versus autonomy,predictability versus novelty,and openness versus closedness are three aspects of
Contribution Margin
The difference between sales revenue and variable costs of a product or service, indicating how much contributes towards covering fixed costs and profit.
Variable Costs
Costs that vary in direct proportion to changes in the level of production or sales.
Fixed Costs
Expenses that remain constant regardless of the level of output or sales, including rent, wages, and insurance costs.
Margin of Safety
The difference between actual or expected sales and sales at the break-even point. It measures how close a company is to not covering its fixed costs.
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