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Profit-Volume Chart
A chart used to assist management in understanding the relationship between profit and volume.
Break-Even Point
The level of production or sales at which total costs equal total revenues, resulting in no net loss or gain.
Horizontal Axis
A graph's base line for plotting and reading values, typically representing time or categories.
Operating Leverage
Operating leverage refers to the degree to which a company can increase operating income by increasing sales, highlighting the impact of fixed versus variable costs.
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