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At the break-even point, what is true of total revenue and total costs?
A
Total revenue equals total costs, so there is no profit or loss.
B
Total costs exceed total revenue, so the business makes a loss.
C
Total revenue equals variable costs, so fixed costs are not covered.
D
Total revenue exceeds total costs, so the business makes a profit.
Card 1 of 27
Break-even analysis Flashcards
27 flashcards on OCR A Level Business Break-even analysis: the key terms, formulae and case studies you need to recall for Component 01, Component 02 and Component 03.