The ________ is where the selling price of a unit of a product minus its variable costs exceeds the fixed costs for that unit.
A) current ratio
B) return on investment
C) inventory turnover ratio
D) break-even point

Question

Quizplus · Accepted Answer

The break-even point is where the selling price of a unit of a product minus its variable costs equals the fixed costs for that unit. Once the selling price of a unit exceeds its variable costs enough to cover the fixed costs, the business starts to make a profit. This point is called the break-even point.

The ________ Is Where the Selling Price of a Unit