Business Studies, asked by mukulparmar6680, 10 months ago

Define the term ‘break-even’.

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Answered by AyanAslam
1

Answer:

The break-even point in economics, business—and specifically cost accounting—is the point at which total cost and total revenue are equal, i.e. "even". There is no net loss or gain, and one has "broken even", though opportunity costs have been paid and capital has received the risk-adjusted, expected return.

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