What is meant by a products contribution margin ratio, Business Management

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What is meant by a products contribution margin ratio

Discussion

What is meant by a product's contribution margin ratio? How is this ratio useful in planning business operations? Cite any references used. Participate in follow-up discussion by reviewing your classmates' posts, adding additional information, asking questions, or responding to follow-up questions posed by your instructor.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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