Risk & Defensive Strategies

  • Charles Priester
  • Jincheng Wang
Part of the Tsinghua University Texts book series (TUPT)

Abstract

To understand the effects that fixed and variable costs have on a company’s performance and how such costs affect a company’s flexibility to cope with adversity and change.

Key Words

Fixed Cost Variable Cost Operating Leverage Financial Leverage Combined Leverage Break-even Level Safety Ratio 

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Copyright information

© Tsinghua University Press, Beijing and Springer-Verlag Berlin Heidelberg 2010

Authors and Affiliations

  • Charles Priester
    • 1
  • Jincheng Wang
    • 2
  1. 1.VictoriaCanada
  2. 2.Management SchoolTianjin University of Foreign StudiesTianjinChina

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