Examlex
To diagnose the sources of a firm's poor financial performance,it is useful to:
Breakeven Point
The point at which total costs and total revenues are equal, resulting in no net loss or gain for the business.
Variable Costs
Expenses that change in proportion to the activity of a business, such as costs for raw materials or production.
Fixed Costs
Expenses that do not vary with the level of production or business activity within a certain range.
Price Elastic
A measure of how much the demand for a product or service changes in response to a change in its price.
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