Contribution Margin Ratio Is Equal to ________

question 218

Multiple Choice

Contribution margin ratio is equal to ________.

• A) fixed costs divided by contribution margin per unit
• B) net sales revenue per unit minus variable costs per unit
• C) net sales revenue minus variable costs
• D) contribution margin divided by net sales revenue

Identify phrases to avoid in negative messages.

Understand the importance of providing alternatives in negative messages.

Differentiate between writing a complaint and writing a rejection.

Analyze the efficacy of social media as channels for resolving customer complaints.

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Definitions:

Supply Curves

Graphical representations showing the relationship between the price of a good and the amount of the good that suppliers are willing to sell.

Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in its price, indicating its sensitivity to price changes.

Specific Excise Tax

A tax levied on a particular good or service, usually based on a fixed amount per unit, such as per liter of alcohol or per pack of cigarettes.

Unitary

A term in economics used to describe a situation where a change in one factor leads to a proportionate change in another factor.