1. what is break even?
- this is when the revenue is equal to the costs
- the middle of your time owning a business
- when your money is divided in the business
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2. what are the 4 P's of the marketing mix
- price, print, peace, proud
- product, price, promotion, place
- product, play, print, pick
- pick, pinch, promotion, play
3. what is the boston matrix for?
- to give money to the business
- this allows a business to see how successful there product is in terms of its market share and growth
- to keep the business happy
- to advertise business
4. variable costs
- these are costs that do change with output
- these are costs that stay the same
- the cost of material
5. what is outflows in a business?
- this is money going out a business such as wages and bills
- money spent on the building of the business
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