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The author of the famous blueprint for the post-war welfare state, Social Insurance and Allied Services (1942) , was:
Break-even Sales
The amount of revenue needed to cover total costs, both fixed and variable, at which point a business neither makes a profit nor incurs a loss.
Wholesale Division
A segment of a company that deals with selling goods in large quantities at lower prices typically to retailers, rather than selling them directly to consumers.
Fixed Expenses
Expenses, like rent, wages, and insurance fees, that stay the same no matter how much is produced or sold.
Break-even Sales
The amount of revenue needed to cover total fixed and variable costs, resulting in zero profit or loss.
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