An Inventor Designs a Scissors That Has Interchangeable Blades That

question 84

Essay

An inventor designs a scissors that has interchangeable blades that allow the user to switch from straight cuts to decorative cuts.Identify two possible target markets and justify your answer.

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Definitions:

Break-Even

The point at which total costs and total revenues are equal, resulting in neither profit nor loss.

Sales Dollars

The total amount of revenue generated from the sale of goods or services, expressed in monetary units.

Common Fixed Expenses

Costs that do not change with the level of production or sales and are shared across different segments or products of a business.

Variable Costing

An accounting method that considers only variable costs for product costing, excluding fixed manufacturing overhead.