Geographic Settings

question 35

Multiple Choice

Geographic settings

• A) are the most important determinant of city size.
• B) matter mostly for industrial cities.
• C) interact with social factors to shape the city.
• D) are more important in San Francisco than in Los Angeles.

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Definitions:

Break-even Point

The point at which total revenues equal total costs, and the business makes neither a profit nor a loss.

Margin Of Safety

The difference between actual or expected sales and the break-even point, indicating the amount by which sales can drop before losses begin.

Volume Of Sales

The total quantity of goods or services sold by a company within a specific period.

Break-even Point

The level of production or sales at which total revenues equal total expenses, resulting in neither profit nor loss.