Match the Following

question 43

Multiple Choice

Match the following.You may use a response once,more than once,or not at all.
-Obtains ongoing access to advice from experts

• A)Starting a business from scratch
• B)Buying an existing business
• C)Buying a franchise
• D)Both starting a business from scratch and buying an existing business
• E)Both buying an existing business and buying a franchise

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Definitions:

Fixed Costs

Costs that do not change in total despite fluctuations in the volume of goods or services produced or sold.

Variable Costs

Charges that fluctuate according to the degree of business operations.

Cost-volume-profit Graph

A graphical representation that shows the relationship between a company's costs, its sales volume, and its profits, used for planning and decision-making.

CVP Graph

A visual representation of the Cost-Volume-Profit analysis, illustrating the relationship between costs (both variable and fixed), volume of production, and the resulting profit or loss.