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A business plan may help an entrepreneur avoid a project doomed to failure.
Minimum Points
The lowest scores or levels that must be achieved in a particular framework, often used in educational or competitive contexts.
Maximum Points
Refers to the highest value or peak point that can be achieved within a given set of parameters or conditions.
Total Economic Profit
The sum of accounting profit and economic profit, which measures the total earnings of a company after accounting for both explicit and implicit costs.
Profitable Level
The point at which the revenue from sales exceeds the costs involved in production or procurement.