GK
IMPORTANT ABBREVIATIONS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Break Even Point
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Branded Export Trading
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Business and Ethics Platform
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Business and Ecommerce Planning
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Detailed explanation-1: -BEP stands for Break Even Point. It is the point at which the revenues earned equals the expenses incurred during an accounting period.
Detailed explanation-2: -The break-even point (BEP) or break-even level represents the sales amount-in either unit (quantity) or revenue (sales) terms-that is required to cover total costs, consisting of both fixed and variable costs to the company. Total profit at the break-even point is zero.
Detailed explanation-3: -Break-even calculation is applied to a huge variety of contexts. For instance, in the world of finance and economics, the break-even point refers to the stage where total cost and total revenue becomes equal. This BEP analysis helps in determining the number of units or revenue needed to cover the total costs.