ENTREPRENEURIAL PLANNING
BUSINESS PLAN DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is the term used to describe the point where your revenue equals your expenses?
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Tipping point
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Satisfaction point
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Breakeven point
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Nexus point
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Explanation:
Detailed explanation-1: -The break-even point (BEP) in economics, business-and specifically cost accounting-is the point at which total cost and total revenue are equal, i.e. “even".
Detailed explanation-2: -The contribution margin is the difference between revenue and variable costs. The final component of break-even analysis, the break-even point, is the level of sales where total revenue equals total costs.
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