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What are two essential types of teams in new venture startups?
Break-Even Point
The point at which total costs and total revenue are equal, resulting in no net gain or loss.
Variable Cost
A cost that changes in proportion to the level of output or activity.
Variable Costs
Costs that vary directly with the level of production or output, such as materials and labor.
Contribution Margin
The selling price per unit, minus the variable cost per unit, used to determine the profitability of products or services.
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