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Lingual deafness
Break-even Point
The level of sales at which total revenues equal total costs, resulting in no profit or loss.
Variable Cost
Variable costs vary directly with the level of production output and can include expenses like raw materials and labor directly involved in a product's manufacturing.
Fixed Costs
Fixed costs are those business expenses that remain constant regardless of the level of production or sales, such as rent, salaries, and insurance.
Operating Leverage
A measure of how revenue growth translates into growth in operating income, indicating the proportion of fixed to variable costs in a company's cost structure.
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