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lana [24]
4 years ago
11

Services are defined as

Business
1 answer:
AleksandrR [38]4 years ago
8 0

Answer:

services are defined as:

C) the intangible activities or benefits that an organization provides to satisfy consumers' needs in exchange for money or something else of value.

Explanation:

A service is a intangible activity that is provided to persons in order to satisfy a need. It is the contrary to a product because a product is tangible and is manufactured. However, services are not manufactured but they are provided to each specific client.

Examples or services are: medical services, education, lawyers advisory, internet connection, counselling, telemarketing.    

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A product sells for $275 per unit, and its variable costs are 68% of sales. The fixed costs are $345,600. What is the break-even
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Break-even point in sales dollars = $345,600/0.32 = $1,080,000.

<h2>What is Break-even point?</h2>

The amount (total sales revenue) or output level (total units produced) at which a business has recouped all variable and fixed costs is known as the break-even point.

  • As a result of Total Cost Equals Total Revenue, there is no profit or loss at break-even.
<h3>How do you determine the break-even point in sales volume?</h3>

Three values must be known in order to calculate a company's breakeven threshold in sales volume:

  • a fixed price: Rent is one example of a cost that is not related to sales volume.
  • varying expenses costs, such as the price of producing the good, that are based on sales volume
  • Price at which the product is sold.

learn more about breakeven point at: <u><em>https://brainly.in/question/31484328?msp_srt_exp=6&referrer=searchResults</em></u>

#SPJ4

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2 years ago
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