| A | B |
|---|
| Break Even Point | The level of sales at which revenues equal total costs |
| Fixed Costs | Business costs that are not affected by changes in sales volume |
| Profit | Monetary reward a business owner receives for taking the risk involved |
| Sales Revenues | Money that comes in to a business from the sale of goods and |
| Selling Price | The amount a seller charges the purchaser for a good or service |
| Semivariable Costs | Business costs that vary to some extent in response to sales |
| Total Costs | All of a business’s costs, both fixed and variable |
| Variable Cost Margin | The amount of variable costs that apply to one unit; also called |
| Variable Costs | Business costs that change according to changes in sales volume |
