What is contribution mix of different departments?

Question

Accepted Answer

The contribution mix of different departments refers to the percentage of revenue generated by each department.

The contribution mix can vary depending on the type of store and its offerings.
For example, a clothing store may have a higher contribution mix from the apparel department compared to the accessories department.
It is important for a store manager to analyze the contribution mix regularly to identify areas of improvement.
By understanding the contribution mix, a store manager can make informed decisions about inventory management and staffing.
The contribution mix can also help a store manager allocate resources effectively to maximize profits.

Accepted Answer

The contribution mix of different departments refers to the percentage of revenue generated by each department.The contribution mix can vary depending on the type of store and its offerings.

What is contribution mix of different departments?

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