The break-even point is a. the maximum possible operating loss. b. where the total sales line intersects the total costs line on a cost-volume-profit chart. c. the total fixed costs. d. the maximum possible operating income.

True or false entrepreneurs try to meet the needs of the marketplace by supplying a service or product

The following costs were incurred in may: direct materials $ 44,800 direct labor $ 29,000 manufacturing overhead $ 29,300 selling expenses $ 26,800 administrative expenses $ 37,100 conversion costs during the month totaled:

Which of the following statements is true of unsought products? as compared to convenience products, unsought products are purchased more frequently. unsought products are consumer products and services that customers usually buy frequently, immediately, and with minimal comparison and buying effort. a life insurance policy is an example of an unsought product. unsought products have strong brand identification for which a significant group of buyers is willing to make a special purchase effort. unsought products are those products purchased for further processing or for use in conducting a business.