Examlex
The International Phonetic Alphabet
Breakeven Point
The point at which total costs and total revenue are equal, meaning there is no net loss or gain, and the business or investment is not making a profit but also not losing money.
Fixed Costs
Expenses that do not change with the level of production or sales over a short period, such as rent and salaries.
Variable Cost
Costs that change in proportion to the level of goods or services that a business produces.
Breakeven Volume
The quantity of products sold or services rendered at which total revenues equal total costs, resulting in no net loss or gain.
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