- Break even
- the main aim of most businesses is to earn a profit for heir owners, the simple way to earn a profit is to take in moreover money from sales than it costs to produce those goods or services
- TOTAL REVENUE = TOTAL COSTS.- is that level of output where break even is reached. Produce one less good and the business makes loss, produce one more and it makes a profit.
- COST- this is the money to he bought up biusiness pend to buy products and service. 2 types: fixed costs, variable costs.
- Fixed costs- remain the same no term how many goods a business produces or sells.