01:23
Pricing and Cost
This clip notes that the total cost of operating a business must be considered before the small business owner makes pricing decisions. The clip also talks about the difference between fixed and variable costs.
02:16
Break-Even Analysis and Audits
A break-even analysis allows managers to calculate at what point revenues will cover expenses, and to determine whether a specific project will generate enough income to cover both its fixed and variable costs. Most organizations are also subject to...
00:59
1920s...Beyond the Glitter, The: Agricultural Technology and Plight of the Farmer
Farmers had expanded production rapidly during World War I. Now that the war is over, competition from recovered foreign producers lowers potential returns while costs remain fixed. The decade of the 1920s is difficult for farmers.