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Entrepreneurial Planning — Entrepreneurship STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceEntrepreneurshipEntrepreneurial Planning3 Marks
Question
What is Break Even Point?
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Answer

The Break even point is that level of volume of production at which firm neither makes profit nor a loss. It indicates the volume of sales needed to cover total variable and fixed expenses by the new enterprise.

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