Contribution margin is a measure of operating leverage: the higher the contribution margin is (the lower variable costs are as a percentage of total costs), the faster the profits increase with sales.
What is a snap switch also known as Snap Disc or snap action thermostat? Snap Disc, or snap switch thermostats are bimetal mechanical thermostats that function via the thermal expansion and contraction of a bimetal disc that âsnapsâ from a convex to a concave shape at a set temperature. When the disc âsnapsâ, it either completes or interrupts a circuit.
Definition of bait and switch. 1  1 : a sales tactic in which a customer is attracted by the advertisement of a low-priced item but is then encouraged to buy a higher-priced one. 2  2 : the ploy of offering a person something desirable to gain favor (as political support) then thwarting expectations with something less desirable.