Break Even Formula - ️️To calculate the break-even point in units use the formula: Break-Even point (units) = Fixed Costs ÷ (Sales price per unit - Variable costs per unit) or in sales dollars using the formula: Break-Even point (sales dollars) = Fixed Costs ÷ Contribution Margin.
Driving ...
ESB certification vocabulary
Break Even Formula - ✔ ✔ To calculate the break-even point in units use the formula: Break-Even
point (units) = Fixed Costs ÷ (Sales price per unit - Variable costs per unit) or in sales dollars using the
formula: Break-Even point (sales dollars) = Fixed Costs ÷ Contribution Margin.
Driving Sales - ✔ ✔ the largest automotive marketing resource and car dealer social network,
providing industry best practices and more
Inventory Loan - ✔ ✔ The loan is collateralized by the inventory it is used to purchase.
Operating Loan - ✔ ✔ (also called a line of credit) is a short-term, flexible loan that a business can
use as needed to borrow up to a pre-set amount of money.To ensure it will be repaid, the bank will
often include a claim on the company's inventory and accounts receivable as part of the loan
agreement.
Tenacious - ✔ ✔ tending to keep a firm hold of something; clinging or adhering closely
Competency - ✔ ✔ a set of particular abilities and knowledge that sets a company apart from its
competitors.
Non-Profit Organization - ✔ ✔ organization is a group organized for purposes other than generating
profit and in which no part of the organization's income is distributed to its members, directors, or
officers.
Storefront - ✔ ✔ Store exterior which reflects on the image of the business
Tax Liability - ✔ ✔ the total amount of tax debt owed by an individual, corporation, or other entity to
a taxing authority like the Internal Revenue Service (IRS).
, Demographic - ✔ ✔ the collection and analysis of broad characteristics about groups of people and
populations.
Behavioral - ✔ ✔ divides consumers according to behavior patterns as they interact with a company
Psychographic - ✔ ✔ the qualitative methodology of studying consumers based on psychological
characteristics and traits such as values, desires, goals, interests, and lifestyle choices.
Geographic - ✔ ✔ when a business divides its market on the basis of geography.
Angel Investors - ✔ ✔ Private Investors who fund start up businesses
IPO - ✔ ✔ initial public offering.
ESPO - ✔ ✔ Eastern Shires Purchasing Organisation
Management Buyout - ✔ ✔ a leveraged buyout in which the firm's top managers become significant
shareholders in the acquired firm.
Patent - ✔ ✔ Gives the holder the sole right to make, use or sell an invention for a set period of time,
preventing others from using it without permission
Copyright - ✔ ✔ Gives someone the exclusive right to publish, produce, sell, or distribute works of
literature, music, art, and software
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