Definition for : Breakeven
Breakeven is the point at which total Revenues cover total Charges. With business running at this level, Earnings are thus zero. Breakeven depends on the Cost structure (Split Variable costs/Fixed costs). There are three different breakevens: Operating breakeven, Financial breakeven, and Total breakeven. Breakeven is affected by company's industrial and financial strategy.
(See Chapters 10, 27 and 36 of the Vernimmen)
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