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How many units of a product would have to be sold if total fixed costs are $300, desired profit for the product is $2,000, the price at which the product is selling is $15, and the average variable cost is $8?
Labor-intensive Business
A business that requires a high level of manual labor input compared to capital investment, typically characterized by a significant proportion of operational costs being attributed to human labor.
Capital-intensive Business
A type of business that requires significant investment in capital assets like machinery and equipment, often associated with manufacturing industries.
Service-intensive Business
A type of enterprise that primarily offers services rather than goods, requiring a high level of customer interaction and support.
Startups
Newly established businesses, typically in the technology sector, focused on a unique product or service.
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