Data from 2013 from the Small Business Administration Shows Women-Owned

question 161

Essay

Data from 2013 from the Small Business Administration shows women-owned businesses as a dominate part of the U.S. economy. What were some of the findings of that data?

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Definitions:

Contribution Margin

The amount of revenue remaining after deducting variable costs, which can then be used to cover fixed costs and contribute to profit.

Product Mix

The variety of products that a company produces or sells, considering the diversity in type, size, and quality.

Prime Cost

The sum of direct materials and direct labor costs associated with the production of goods.

Manufacturing Overhead

Indirect costs associated with manufacturing, such as utilities, maintenance, and factory equipment depreciation, not directly tied to specific units of product.