The contribution margin ratio and unit contribution margin will both rise if a company increases a product's price while maintaining costs.
The object being sold is referred to as a product. A service or an object both qualify as products. It could take on a physical, virtual, or cyber form. Every product has a cost associated with it, and each one has a price. The market, the quality, the marketing, and the group that is being targeted all affect the price that can be charged.
When sales rise, the contribution margin ratio rises as well. Profits increase by the contribution margin ratio for every $1 increase in sales. If a company's contribution margin ratio, for instance, is 25%, it, on average, makes 25% of every dollar in sales in profit.
Therefore, a product's price while maintaining costs.
Learn more about products here.
brainly.com/question/22852400
#SPJ1
