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Java Games: Flashcards, matching, concentration, and word search. |
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OP009 GLOSSARY ME11 1OF 2
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| Breakeven point | The point at which a business’s total sales equal total expenses; the business has not yet made a profit but has not incurred any losses |
| Capital expenditure | A one-time purchase a business makes (e.g., land, building, equipment) |
| Cost-based pricing | A pricing method in which the business adds a predetermined markup to the total cost of making the product |
| Depreciation | Loss of value |
| Economies of scale | Cost savings created by increased levels of production |
| Fixed expenses | Operating costs that do not increase or decrease with changes in production |
| Gross profit | A company’s revenue after subtracting the costs of the products it has sold |
| Mixed costs | Expenses that are fixed until the company reaches a certain level of production, then become variable; also called semi-variable costs or semi-fixed costs |
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Business Marketing Teacher, Career Technical Education |
CENTRAL CABARRUS HIGH SCHOOL |
| Concord, NC |
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