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How is the breakeven point computed?
The Break Even Point (BEP) can be computed by using the given relation as follows:
BEP = F / 1-V/P
Here F is fixed cost, P is the selling price of each unit and V is variable cost per unit or total variable cost.
What are the types of Entrepreneur on the type of Business? Classification of Entrepreneur based on the type of Business: a. Industrial Entrepreneur: It is an entrepreneur
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