Explain the Importance of the Breakeven Point for Small Business

question 85

Essay

Explain the importance of the breakeven point for small business and the difference between fixed and variable costs.

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Definitions:

Synchrony

The coordinated, simultaneous action or occurrence of events or processes, often seen in natural and human-made systems.

Vocal Expressions

Sounds and tones used by an individual to convey emotions, thoughts, or information.

Facial Expressions

The use of the muscles of the face to convey emotions, thoughts, or attitudes.

Self-awareness

The conscious knowledge of one’s own character, feelings, motives, and desires.