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John Watson believed
Units Sold
The total quantity of a product that has been sold during a particular period, a key measure of business performance.
Absorption Costing
An accounting method that includes all the costs associated with manufacturing a product, including direct, indirect, fixed, and variable costs.
Break-Even Point
The financial point at which total revenues equal total costs, resulting in no net profit or loss.
Variable Costs
Charges that directly correlate with the volume of production or sales, such as direct labor and materials required for production.
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