Btec Business Assessement Exam With Complete Solutions Graded A+ 2024
Breakeven - Answer When revenue and expenditure are the same. there is no profit or loss variable costs - Answer raw materials, change as output increases margin of safety - Answer is the amount by which sales would have to fall before the break-even point is reached total costs - Answer fixed costs plus variable costs break-even point - Answer when a business has made enough money through product sales to cover the cost of making the product selling price - Answer total revenue divided by maximum number of products increasing the price - Answer break even point falls reduce the price - Answer break even point becomes higher break even analysis - Answer planning tool that helps businesses to make the right decisions and increase their chances of success benefits of break even analysis - Answer business knows the fixed and variable costs linked to a product. the business can set the best price for a product. it allows the business to set a margin of safety.
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