business business 4

1.What is meant by a product’s contribution margin ratio? How is this ratio useful in planning business operations?

2.What is meant by the term operating leverage?

3.What is meant by the term break-even point?

4.What is meant by the margin of safety?

5.Explain how a shift in the sales mix could result in both a higher break-even point and a lower net income.

100 words each

no references

 

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