Break even 

  • Created by: Supirinc
  • Created on: 20-04-18 23:14
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  • 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.
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