When Nancy Ordered Shoes from Amazon,she Could See Availability Data

question 49

Short Answer

When Nancy ordered shoes from Amazon,she could see availability data and an estimated time of delivery.She was using a(n)___________________________________.

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Definitions:

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.