If the Breakeven Point Is 1,000 Units and Each Unit

question 100

Multiple Choice

If the breakeven point is 1,000 units and each unit sells for $50,then ________.

• A) selling 1,040 units will result in a loss
• B) selling $60,000 will result in a loss
• C) selling $50,000 will result in zero profit
• D) selling $45,000 will result in profit

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Definitions:

Entrepreneur

A person who creates, organizes, and manages a business venture, taking on financial risks in hopes of profit.

Early Majority

A term used in the diffusion of innovations theory to describe the first significant segment of the population to adopt a new product or innovation after the early adopters.

Crossed The Chasm

A concept describing the transition of a technology product from early adoption to widespread acceptance and use in the mainstream market.

Bottom-up Analysis

An approach that starts with specific details and flows upwards to identify broader trends and patterns.