Examlex
Match each description with the item below.
-Hernando de Soto
Fixed Cost
Costs that do not change with the level of production or sales, such as rent, salaries, and insurance.
Profit
The difference between the amounts received from customers for goods or services provided and the amounts paid for the inputs used to provide the goods or services.
Direct Materials Cost
The expense associated with raw materials directly incorporated into a finished product.
Break-even Point
Break-even Point is the financial analysis term that indicates when total costs and total revenues are exactly equal, resulting in neither profit nor loss.
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