Match the Following Terms with Their Definitions

question 126

Multiple Choice

Match the following terms with their definitions.
-The excess of sales revenues over variable costs

• A)Relevant range
• B)Break-even point
• C)Contribution margin
• D)Fixed costs
• E)Variable costs

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Definitions:

Demand

The quantity of a product or service that consumers are willing and able to purchase at various prices.

Grocery Stores

Grocery stores are retail establishments primarily engaged in offering a general range of food products, which may also include fresh produce, meats, dairy, and bakery items alongside household goods.

Fixed Costs

Expenses that do not change with the level of goods or services produced by a business.

Variable Costs

Costs that vary directly with the level of production or output, in contrast to fixed costs, which remain constant regardless of the level of activity.