Examlex
Which of the following business mapping standards graphically describes processes and data flows using hundreds of symbols?
Safety Margin
The difference between the actual sales and the break-even point; it measures the amount by which sales can drop before a business incurs a loss.
Automated Firm
An enterprise that employs advanced technologies and systems such as artificial intelligence, robotics, and sophisticated software to minimize human intervention in its operations.
Break-Even Sales Volume
The quantity of products sold or services provided at which total revenues equal total costs, resulting in no profit or loss.
Contribution Margin
The difference between sales revenue and variable costs, used to cover fixed costs and contribute to profit.
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