Examlex
The P in the PASS acronym stands for:
Fixed Costs
Expenses that do not change with the level of goods or services produced over the short term.
Sales Ratio
A metric that compares a particular figure or cost to the total sales, providing insight into various financial aspects of a business.
Variable Costs
Expenditures that fluctuate based on the volume of output or services provided by an enterprise.
Break-Even Point
The point at which total costs and total revenue are equal, leading to neither profit nor loss.
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