Ch 31 - Key terms 0.0 / 5 ? Business Studies-IGCSENone Created by: a f.vCreated on: 03-12-14 12:02 Break even The level of output where total costs and total revenue are exactly the same. Neither a profit nor loss is made 1 of 3 Break-even chart A graph which shows total cost and total revenue. The break-even point is where total cost and total revenue intersect. 2 of 3 Margin of safety The amount of output available ti be sold above the break-even point where the business makes a profit 3 of 3
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