The Demand for a Potential Business Product, as Well as the Identification

question 15

True/False

The demand for a potential business product, as well as the identification of what product or services is to be produced, are both contained in a business plan.

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Definitions:

Net Operating Income

A measure of a company's profitability, calculated as gross revenue minus operating expenses, not including taxes and interest.

Break-even

The point at which total costs equal total revenues, resulting in no net loss or gain for the business.

Monthly Unit Sales

The number of units of a product sold in a particular month.

Break-even Point

The financial state in which total revenues equal total expenses, and there is no profit or loss.