Examlex
A mission statement outlines the fundamental purposes of an organization.
Margin of Safety
The difference between actual or projected sales and the break-even point, indicating the amount by which sales can drop before a business incurs a loss.
Break-even Point
The level of sales at which total revenues equal total costs, and the business makes no profit but also incurs no loss.
Break-even Analysis
An analysis to determine the point at which revenue received equals the costs associated with receiving the revenue, indicating no net loss or gain.
Operating Income
Income from a company's main business activities, excluding expenses such as interest and taxes.
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