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1
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Businesses will often create a _______ to control their variable costs.
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2
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Prices are often changed based on the selling prices that the ________ are offering.
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3
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In order to calculate the break-even point, a business must first calculate its _______ costs, fixed costs and gross profit.
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4
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Fixed costs are costs that do not change regardless of the ________ or decrease in the amount of goods or services produced.
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5
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Economies of Scale are used to make a business more efficient and save _____.
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6
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The more products a company produces, the _________ the cost of each individual product will be.
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7
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____________ is the selling price minus the variable costs.
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9
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Using this formula, a business can determine the ______ necessary for profit.
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