Question: 1.What is a contribution margin and how is it different from gross margin? 2.What is the significance of the contribution margin ratio, and how is

1.What is a contribution margin and how is it different from gross margin? 2.What is the significance of the contribution margin ratio, and how is the ratio useful in planning business operations? 3.Explain what is meant by the margin of safety? 4.What does the margin of safety tell companies and how can they use this information?

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