ENTREPRENEURIAL MARKETING
MARKETING MIX
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The point at which sales revenue equals the costs and expenses of making/distributing a product
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Profit point
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Break-even point
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Level-off point
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Demand point
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Explanation:
Detailed explanation-1: -Break-even analysis refers to the point at which total costs and total revenue are equal. A break-even point analysis is used to determine the number of units or dollars of revenue needed to cover total costs.
Detailed explanation-2: -The breakeven point is the level of production at which the costs of production equal the revenues for a product. In investing, the breakeven point is said to be achieved when the market price of an asset is the same as its original cost.
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