Skip to content
Back to quiz
6. How do you calculate profit?
- Fixed costs / (Selling price per unit - Variable cost per unit)
- Sales revenue - Total costs
- Fixed costs + Variable costs
- Selling price per unit - Variable cost per unit
7. How do you calculate break-even output?
- Selling price x Number of items sold
- Fixed costs / (Selling price per unit - Variable cost per unit)
- Sales revenue - Total costs
- Contribution per unit x Number of items sold
8. What is market segmentation?
- The sale of the right to use a business idea by an existing business
- A technique where the market is broken down into smaller sections with similar characteristics
- The cost of the next best alternative forgone
- The individual buying the right to the franchise