January 2018
Intermediate to advanced
480 pages
236h 9m
English
To evaluate an idea for a new service or product, or to assess the performance of an existing one, determining the volume of sales at which the service or product breaks even is useful. The break-even quantity is the volume at which total revenues equal total costs. Use of this technique is known as break-even analysis. Break-even analysis can also be used to compare processes by finding the volume at which two different processes have equal total costs.
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