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What is meant by the term break-even point?

A break-even point is where the level of output where total revenue equals total cost. This means that there is neither a profit or a loss.
JC
1977 Views

Exaplain one advantage and one disadvanatge of an organisation beocming multinational

An example of an advantage of an organisation becoming a multinational is that they can benefit from an increased number of potential customers and therefore multinationals can have more customers, leading t...
CP
1657 Views

Company A decides to lower prices in order to try and shift surplus stocks. How would this be shown on a demand curve?

There will be a shift of the demand curve to the right
AE
1784 Views

What role does motivation play in the workplace?

Motivation is the energy or drive that enables people to achieve organisational objectives. Without motivation employees would not be able to use their skills or abilities to achieve organisational goals. fu...
JF
2509 Views

Ella's Delicatessen has monthly fixed costs of £1800. She sells her soup for £1.15 a carton. The variable costs per carton are: (raw materials = 45p) and (labour = 20p). Calculate her breakeven output per month (show your workings)

Formula for Breakeven = Fixed costs / (selling price – variable cost). Fixed costs = £1800. Selling price = £1.15. Variable costs = 0.45 + 0.20 = £0.65. Selling price - variable cost = £1.15 – £0.65 = £0.50....
ET
2744 Views