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Break Even
The point at which total revenues equal total expenses, with no net loss or profit.
Variable Costs
Expenses that are directly tied to the rate of goods produced or services sold, such as the cost of materials and labor involved.
Fixed Costs
Costs that remain constant for a business over a period, regardless of the level of goods or services produced.
Composite Units
Units formed by combining different but related items, often used in production or inventory management.
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