Hi Sammy, many in Italy don't understand that business management is about maximizing profits and reducing costs. Here I'm talking about break-even analysis. Break-even analysis is a technique that determines the break-even point, that is, the production quantity or sales value required for revenue to equal total costs. At this point, profit is zero, meaning the company isn't making a profit, but it's not losing any money either. Essentially, it determines the minimum sales volume needed to cover costs. !STRIDE
Hi Sammy, many in Italy don't understand that business management is about maximizing profits and reducing costs. Here I'm talking about break-even analysis. Break-even analysis is a technique that determines the break-even point, that is, the production quantity or sales value required for revenue to equal total costs. At this point, profit is zero, meaning the company isn't making a profit, but it's not losing any money either. Essentially, it determines the minimum sales volume needed to cover costs. !STRIDE