Examlex
What is a boilerplate in a public relations (PR) story?
Break-Even Level
The point at which total revenues equal total expenses, and the business neither makes a profit nor incurs a loss.
Fixed Costs
Expenses that do not change with the level of production or sales, such as rent, salaries, and insurance.
Variable Cost
A cost that changes in proportion to the level of production or business activity.
Contribution Margin Ratio
The percentage of each sale that contributes to covering fixed costs after variable costs have been paid.
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