Justifying an EC Investment Means Comparing the Costs of Each

question 35

Essay

Justifying an EC investment means comparing the costs of each project against its benefits in what is known as a ________.

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Definitions:

Fares

The prices paid for journeys on public transportation like buses, trains, and airplanes.

Break-Even Point

The point at which the number of units sold generates just enough revenue to equal the total costs; at this point, profits are zero.

Profit

The financial gain realized when the amount of revenue earned from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.

Profit Margin

The amount by which revenue from sales exceeds costs in a business, expressed as a percentage.