Btec Business Revision Exam With 100% Correct And Verified Answers
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Course
Btec
Institution
Btec
Btec Business Revision Exam With 100% Correct And Verified Answers
Breakeven - Correct Answer-When Revenue And Expenditure Are The Same. There Is No Profit Or Loss
Variable Costs - Correct Answer-Raw Materials, Change As Output Increases
Margin Of Safety - Correct Answer-Is The Amount By Whi...
Btec Business Revision Exam With
100% Correct And Verified Answers
Breakeven - Correct Answer-When Revenue And
Expenditure Are The Same. There Is No Profit Or
Loss
Variable Costs - Correct Answer-Raw Materials,
Change As Output Increases
Margin Of Safety - Correct Answer-Is The Amount
By Which Sales Would Have To Fall Before The
Break-Even Point Is Reached
Total Costs - Correct Answer-Fixed Costs Plus
Variable Costs
Break-Even Point - Correct Answer-When A
Business Has Made Enough Money Through
Product Sales To Cover The Cost Of Making The
Product
Selling Price - Correct Answer-Total Revenue
Divided By Maximum Number Of Products
Increasing The Price - Correct Answer-Break Even
Point Falls
Reduce The Price - Correct Answer-Break Even
Point Becomes Higher
Vendarsol
, Break Even Analysis - Correct Answer-Planning
Tool That Helps Businesses To Make The Right
Decisions And Increase Their Chances Of Success
Benefits Of Break Even Analysis - Correct Answer-
Business Knows The Fixed And Variable Costs
Linked To A Product.
The Business Can Set The Best Price For A Product.
It Allows The Business To Set A Margin Of Safety.
Risks Of Ignoring Breakeven Analysis - Correct
Answer-The Business Does Not Know The Costs Of
Production And Running Costs.
The Business Does Not Know How Many Items It
Must Sell To Make A Profit.
The Business May Make A Loss Without Realising
Or Knowing Why.
Break Even Point Will Change - Correct Answer-If
Costs Change Or If The Selling Price Changes
If Costs Fall - Correct Answer-The Breakeven Point
Is Lower So The Business Makes A Profit
The Lower The Breakeven Point - Correct Answer-
The Fewer The Sales Needed To Make A Profit
Total Sales Revenue Formula - Correct Answer-
Number Of Sales Times Price Per Unit
To Make A Profit - Correct Answer-Revenue Must
Be Higher Than Expenditure
Vendarsol
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