Operations Management, Financial and Non-Financial Measures of Performance, Ratio Analysis – 211
What is the difference between Gross Margin (GM) and Contribution Margin (CM)?
GM = Revenue – Cost of Goods Sold
CM = Revenue – Variable Expenses
What is the difference between Gross Margin (GM) and Contribution Margin (CM)?
GM = Revenue – Cost of Goods Sold
CM = Revenue – Variable Expenses