Examlex
Which of the following is LEAST likely to be a characteristic of successful entrepreneurs?
Automated Equipment
Automated equipment consists of machinery and tools that operate with minimal human intervention, often used in manufacturing to increase efficiency and reduce labor costs.
Break-Even Point
The level of sales or production at which a business's revenues equal its expenses, resulting in neither profit nor loss.
Contribution Margin
The difference between sales revenue and variable costs of a product, indicating how much contributes to covering fixed costs and generating profit.
Break Even
The point at which total costs equal total revenue, meaning that a business or project is neither making a profit nor incurring a loss.
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