What is the Breakeven point?
The breakeven point is the point where the income from sales exactly equals all the costs incurred by the business. More sales will result in a profit, fewer sales will result in a loss.
Let us connect on social media forever;
Somtochukwu
Visionary Leader and Development Economist in Nigeria. CEO at Bufiredd Economic Consults Ltd
Latest posts by Somtochukwu (see all)
- Stock Exchange; Definition, Division and Functions - January 18, 2024
- What is a Cheque? Features & Function of a Cheque - January 17, 2024
- Some of the Various Ways the Government Participates in the Economic Activities of a country. - November 30, 2023