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Born salespeople have an advantage over people who learn selling skills through training.
Fixed Expenses
Expenses that remain constant regardless of the amount of output or sales, including items like lease payments, wages, and insurance costs.
Net Income
The net income of a company, which is calculated by deducting all costs and taxes from its total earnings.
Break-Even Point
The production level or sales volume at which total revenues equal total expenses, resulting in no net loss or gain.
Contribution Margin Ratio
A financial metric that represents the percentage of sale price that remains after variable costs are subtracted.
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