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Ell obj 2.04

Ell 2.04

TermDefinition
break-even point the level of sales at which revenues equal total costs
fixed costs business costs that are not affected by changes in sales volume
profit monetary reward a business owner receives for taking the risk involved in investing in a business
sales revenues money that comes into a business from the sale of goods and services; also called income from sales
selling price the amount a seller charges the purchaser for a good or service
semi-variable costs business costs that vary to some extent in response to sales
total costs all of a business's costs, both fixed and variable
variable-cost margin the amount of variable costs that apply to one unit; also called fixed-costs contribution
variable costs business costs that change according tp changes in sale volume
Created by: molly.h261
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