Examlex
The choke is a mechanism on a shotgun that is used to prevent scatter of the pellets.
Break-Even Point
The point at which total costs and total revenue are equal, meaning no net loss or gain is incurred; a critical measure of financial viability for a product or business.
Variable Cost
Costs that change in proportion to the level of production or sales volume, such as raw materials and direct labor.
Variable Cost
Costs that change in proportion to the level of activity or volume of production, such as materials and labor.
Fixed Cost
Expenses that do not change in relation to production volume, such as rent, salaries, and insurance premiums.
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