Break even point is used for the entrepreneur as it helps in
assessing
a. the minimum level of output to be produced
b. the selling price of the product
c. the effect of changing quantity of output upon the profits
d. all of the above.
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Answer:
Break-even analysis allows an entrepreneur to know how much profit he can earn at different sales volumes. Any sales volume or number of units sold exceeding the break even point will result to a profit. ... This helps an entrepreneur to set sales targets that will let her achieve desired profit levels.
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Explanation:
Break-even analysis allows an entrepreneur to know how much profit he can earn at different sales volumes. Any sales volume or number of units sold exceeding the break even point will result to a profit. ... This helps an entrepreneur to set sales targets that will let her achieve desired profit levels.
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