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Front

Expenses that never change

Back

Fixed Expenses

Front

Occurs when total costs equal revenues

Back

break-even point

Front

Fluctuate based on production:

Back

variable expenses

Front

Price at which a product is sold to a customer

Back

Selling Price

Front

Amount added to break-even to set selling price

Back

Markup

Front

Business lowers unit price for bulk purchases

Back

Volume Pricing

Front

Economic measure showing % change in quantity demanded due to price change

Back

Price Elasticity

Front

Performance measure for investment outcome

Back

Return on Investment

Front

Difference between cost of buying/making and selling price

Back

Profit Margin

Front

Markup that doubles a product's purchase price

Back

Keystone Pricing