Examlex
Match each term below with its description.
-Congenital defect that results in a bony or membranous occlusion of the passageway between the nose and the pharynx
Breakeven Point
The moment when total costs and total revenues are exactly equal, meaning that a business or project is neither making a profit nor experiencing a loss.
Variable Costs
Costs that change in proportion to the level of goods or services produced.
Fixed Costs
Expenses that do not change with the volume of production or sales, such as rent, salaries, and insurance premiums.
Competitive Pricing
Strategy that tries to reduce the emphasis on price competition by matching other companies’ prices and concentrating their own marketing efforts on the product, distribution, and promotional elements of the marketing mix.
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