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E2 204

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 risks 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 customer 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, fixed and variable
Variable-cost margin the amount of variable costs that apply to one unit; also called fixed-cost contribution
Variable costs business costs that change according to changes in sales volume
Created by: haiden.b498
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