What is GDP?
GDP measures the monetary value of final goods and services—that is, those that are bought by the final user—produced in a country in a given period of time (say a quarter or a year). It counts all of the output generated within the borders of a country. GDP is composed of goods and services produced […]
Forex FX: Definition, How to Trade Currencies, and Examples
For example, in the UK the regulatory body is the Financial Conduct Authority (FCA). Once you’ve built your confidence and feel like you’re ready to trade the live forex markets, you can create a live account with us in five minutes or less. You’ll get access to award-winning platforms,8 expert support around the clock and […]
Breakeven Point: Definition, Examples, and How to Calculate
Sales mix is important to business owners and managers because they seek to have a mix that maximizes profit, since not all products have the same profit margin. Companies can maximize their profits if they are able to achieve a sales mix that is heavy with high-margin products, goods, or services. If a company focuses […]
How to Do a Multi-Product Break-Even Analysis in Excel Step-by-Step Guide
Did you know that 30% of operating small businesses are losing money? You have to plan ahead carefully to break-even or be profitable in the long run. Let’s say you’re trying to determine how many units of your widget you need to produce and sell to break even. Calculating the break-even point in sales dollars […]
