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 […]
