Tailoring Is Most Easily Accomplished by a Friend,family Member,or Someone

question 8

True/False

Tailoring is most easily accomplished by a friend,family member,or someone close to the individual,since they know what is best for that person.

---

Definitions:

Required Sales

The amount of sales a company needs to achieve in order to cover its costs and reach a desired level of profit.

Net Income

The company's earnings following the deduction of all taxes, expenses, and costs from its total revenue.

Contribution Margin Ratio

A financial metric that measures the ability of a company to cover variable costs with its revenue.

Fixed Costs

Fixed expenses unaffected by variations in production or sales levels, like rent, wages, and insurance.