NextQ24

Riya was fond of cooking and wanted to use her skills to establish a business of homemade pickles. Her business was established and it turned out to be very popular in and around her locality. Her husband was a manager in a bank and was transferred to another city. Riya had to go along with her husband, so she had to close down her flourishing pickle business. The form of business organisation operated by Riya was:

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Question 23

Assertion (A): Break-even point is that level of production where there is neither loss nor profit.

Reason (R): Break-even point helps in determining the product that are not contributing to meet fixed expenses.

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