Which ONE of the following is a definition of the term “break-even level of output”?
Select ONE answer only:
- The level of output at which total profits = total costs
- The level of output at which total fixed costs = total revenue
- The level of output at which total variable costs = total fixed costs
- The level of output at which total fixed costs = total profits
- The level of output at which total revenue = total costs
Explain ONE reason why a business owner might want to reduce the variable cost per unit.
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This multiple choice question is suitable for Business Studies KS4 & KS3 classes
The answer is 2 – The others are not characteristics of an entrepreneur especially 4 which is not a requirement to be an entrepreneur to have academic qualifications but might be useful as is 5.
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