The Company Description Section of a Business Plan Should Include

question 81

Multiple Choice

The company description section of a business plan should include the company's _____ if the business is already in existence.

• A) history
• B) customer list
• C) sales revenues
• D) credit score

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Definitions:

Break-Even

The point at which total costs equal total revenues, meaning there is no profit or loss.

Sales Dollars

The total revenue generated from the sale of goods and services within a specific period.

Common Fixed Expenses

These are fixed costs that are not directly tied to production levels, such as salaries, rent, and insurance, which are shared across different segments of a business.

Break-Even

The point at which total costs and total revenues are equal, meaning that a business or product is neither making a profit nor sustaining a loss.