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If the owner wanted to know how money flowed into and out of the company, what financial statement would she use?
Value Chain
The sequence of activities that a company performs to design, produce, market, deliver, and support its product, adding value at each step.
Consecutive Steps
Sequential steps or actions that follow one directly after the other without interruption or deviation.
Inputs
The resources, materials, or information that are required to produce goods or services in a business or manufacturing process.
Break-Even Point
The point at which total cost and total revenue are equal, meaning there is no net loss or gain, and the business starts to generate profit beyond this point.
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