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Ag Business Chapter 4 Terms
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Breakeven price
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the price where income is equal to all expenses
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Terms in this set (14)
Breakeven price
the price where income is equal to all expenses
Breakeven yield
total cost/output price ($/unit)
Budgeting
Process of planning future business actions and expressing them as formal plans.
Capital
money used to buy products to operate a business
Enterprise
any business that is set up to gain profit
