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If Cay from the Previous Question Began to Look at Other

question 31

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If Cay from the previous question began to look at other grandparent respondents to examine their child care and employment concerns, Cay would be doing​


Definitions:

Break-even Point

The point at which total costs equal total revenue, resulting in no net loss or gain for the business.

Variable Cost

Costs that vary directly with the level of production or sales volume, such as raw materials and direct labor.

Fixed Costs

Costs that do not change in total despite changes in the volume of goods or services produced or sold.

Margin of Safety

The difference between actual or projected sales and the break-even point. It measures the amount by which sales can decline before a business incurs a loss.

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