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The Following Is a List of Steps for Which Part

question 9

Multiple Choice

The following is a list of steps for which part of the "5Ps" Process?
• Gather equipment
• Determine the sequence and how it will be used
• Note what is needed for each lesson
• Practice using the resources


Definitions:

Selling

The process of promoting and transferring goods or services to a buyer in exchange for money.

Contribution Margin Ratio

The percentage of each dollar of sales that is available to apply to fixed costs and contribute to net income; calculated as unit contribution margin divided by unit selling price.

Unit Contribution Margin

The amount of revenue remaining per unit after deducting variable costs; calculated as unit selling price minus unit variable costs.

Unit Sales Price

The amount that a business charges for one unit of its product or service.

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