What Is the Difference Between Gross Margin and Contribution Margin

question 90

Essay

What is the difference between gross margin and contribution margin? And which one is more useful to management? Why?

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Definitions:

Audience's Needs

The specific requirements, interests, and expectations of the target audience that should be addressed or met by a message, product, or service.

Community Manager

A professional responsible for building, growing, and managing a brand's or organization's online communities.

External Stakeholders

Individuals or groups outside of an organization who are affected by its activities and decisions, such as customers, suppliers, and the community.

Social Media Interface

The user interface of a social media platform, which includes the layout, design, and navigation that users interact with.