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This week, please imagine you are the seller of one product or service. Describe your product or service, list the price you charge, the variable
This week, please imagine you are the seller of one product or service. Describe your product or service, list the price you charge, the variable cost, and several fixed costs for running your business. Then calculate how many units of this product/ service you will have to sell, so you can break even!
Consider studying these concepts to help you with the project:
Definition and examples of variable cost
Definition and examples of fixed cost
Pricing strategies
Break-even point
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