Breakeven analysis determines the level of sales at which the business will earn enough revenue to cover all of its costs.

Name: Breakeven analysis determines the level of sales at which the business will earn enough revenue to cover all of its costs.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Breakeven analysis is a financial tool used to determine the sales required to cover all costs and expenses associated with running a business. At the break-even point, a business neither makes a profit nor incurs a loss.

Breakeven Analysis Determines the Level of Sales at Which the Business