The Final Variable Every Business Must Take into Account When

question 63

Multiple Choice

The final variable every business must take into account when analyzing returns is the

• A) average cost.
• B) fixed cost.
• C) variable cost.
• D) incremental performance cost.
• E) cost to serve a customer.

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Definitions:

Break-even Price

The price level at which the revenues for a product or service equal the costs, resulting in neither profit nor loss.

Markdown

A reduction from the original or previous retail price of a product.

Rate

A measure, quantity, or frequency, typically one measured against another quantity or measure.

Marked Up

Refers to the percentage increase in the price of a good or service over its original cost to achieve a profit.