Examlex
Explain the four attributes that a resource must have to provide a firm with a sustainable competitive advantage.
Net Income
The net income of a company, which is calculated by deducting all costs and taxes from its total earnings.
Break-Even Point
The production level or sales volume at which total revenues equal total expenses, resulting in no net loss or gain.
Contribution Margin Ratio
A financial metric that represents the percentage of sale price that remains after variable costs are subtracted.
Sales Dollars
The total amount of money generated from the sale of goods or services before any expenses are subtracted.
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