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Break-even Chart
A graphical representation showing the point at which total costs and total revenue are equal, thus indicating no profit or loss.
Fixed Costs
Business expenses that remain constant regardless of the level of production or sales, such as rent, salaries, and insurance premiums.
Variable Costs
Expenses that change in proportion to the level of production or sales volume, such as raw materials or direct labor costs.
Profit
The financial gain obtained when the revenues generated from business activities exceed the expenses, costs, and taxes involved in sustaining the activities.
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