69843
Description
Mind Map by fionastanistreet5177, updated more than 1 year ago
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Created by fionastanistreet5177
over 11 years ago
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Business Studies - Break-Even
- Break-Even
- Fixed Assets/(average selling price per unit - variable cost per unit)
- F/A-V
- Break-Even graphs - Fixed Costs (straight line), Total Costs, Total Sales Revenue
- Need to label!
- Need to label!
- F/A-V
- Make a decision about selling...?
- Up the price/Lower the price
- More profit, may lose customers as price has suddenly increased
- Risk, Advertise more, attract new customers, flood of customers = more profit
- More profit, may lose customers as price has suddenly increased
- Knows when making a profit
- Knows how much of an item needs to be sold in order to break-even
- Up the price/Lower the price
- Fixed Assets/(average selling price per unit - variable cost per unit)
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