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Managers can use break-even analysis to calculate the break-even point in sales volume or dollars,estimate profit or loss at any level of sales volume,and help in setting prices.
Sale
The passing of title from a seller to a buyer for a price.
Implied Warranty of Fitness
An assurance, typically not expressly stated, that a product will be suitable for its intended purpose.
Particular Purpose
A specific objective or requirement for which goods or services are intended or needed, as expressed in a contract.
Lessee
A person or entity who leases or rents property from another, known as the lessor.
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