ENTREPRENEURIAL PLANNING
BUSINESS PLAN DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Competition
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Business Plan
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Break-even Point
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Market share
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Detailed explanation-1: -The break-even point is the point at which total cost and total revenue are equal, meaning there is no loss or gain for your small business. In other words, you’ve reached the level of production at which the costs of production equals the revenues for a product.
Detailed explanation-2: -The break-even point is the moment when a company’s product sales are equal to its overall costs. In other words, it’s where total expenses and total revenue balance out. Let’s talk about the basics. Companies have many fixed overhead expenses such as rent, salaries, taxes, and insurance.
Detailed explanation-3: -Break-Even Point (BEP) In general, the break-even point, or BEP, is where gains equal losses. In business, the BEP is the point where revenue equals expenses. At this point, there is no profit.