Which of the following statements about the break-even point is true?
A) It is used to determine how many more units need to be sold to increase market share by a specific amount.
B) It is a technique used to calculate fixed costs.
C) It determines the amount of retained earnings a company will have during an accounting period.
D) It is a technique marketers use to examine the relationship between supply and demand.
E) It is calculated using contribution per unit costs and total fixed costs.
E
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a. true b. false
A retailer takes 4 days to process an order and the supplier takes 12 days to deliver merchandise. The retailer should begin to order merchandise how many days before the old inventory runs out?
a. 3 days b. 4 days c. 16 days d. 48 days