When Networking,it Is Useful to Have an "Elevator Pitch" Ready

question 2

Multiple Choice

When networking,it is useful to have an "elevator pitch" ready: a brief statement that summarizes skills and what you can offer.It's called an "elevator pitch" because ________.

• A) it should be spoken in a loud (elevated), clear voice to be easily understood
• B) it should take the same length of time as a short elevator ride
• C) it should make the person hearing it feel "good vibes" (elevated)
• D) it should be delivered standing straight and tall (as if "elevated" on a stage or soapbox)
• E) it is designed to raise or elevate you in your career prospects

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Definitions:

Accounting Break-Even

The point at which total revenues equal total expenses, and the business does not make a profit or loss.

Depreciation

A financial approach that spreads the price of a tangible asset over the period it is expected to benefit the company.

Annual Fixed Costs

The total of all business expenses that are consistent and unchanged throughout the fiscal year, regardless of production levels or sales volume.

Contribution Margin

The contribution margin represents the portion of sales revenue that is not consumed by variable costs and contributes to covering the company's fixed costs.