Breakeven point
A)is the point at which total costs equal gross revenue.
B)is the point at which fixed costs equal variable costs.
C)is the point at which total costs equal profit.
D)is the point at which variable costs equal gross revenue.

Question

Quizplus · Accepted Answer

The breakeven point is defined as the point at which total costs (fixed costs plus variable costs) equal gross revenue, meaning that the business has neither made a profit nor incurred a loss. This is the point where the company is just covering its costs.

Breakeven Point