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.
snap verb (MOVE QUICKLY) âº [ I or T, usually + adv/prep ] to move into a position quickly, producing a short noise as if breaking: Tendons store elastic energy by stretching and then snapping back into shape like rubber bands. Simply snap the pieces into place.