Profit is the unit contribution margin multiplied by the number of units minus the fixed component of the total costs (TC).
Answer the following statement true (T) or false (F)
True
This statement is true. Profit is TR minus TC, however at the unit contribution margin V (variable cost) has already been removed; therefore the above statement is true.
You might also like to view...
Your marketing team decides to include Jared in a current project because he is known for always challenging the leader’s ideas. This is an example of using which perspective of followership?
A. transformational B. role-based C. relational-based D. servant
If a landlord leases property "to Susan as long as Sam wishes," the landlord has created a(n):
a. fee simple absolute. b. estate (tenancy) at will. c. condominium. d. estate at sufferance.
In which process is a product tailored to the customer’s specifications?
a. job-shop process b. continuous process c. project process d. batch process
What allows customers to use the Web to find answers to their questions or solutions to their problems?
A. Contact center. B. Web-based self-service. C. Call scripting. D. None of the above.