HOLT, Gheorghe - In: Annals - Economy Series 3 (2009) December, pp. 321-332
In a competitional economy, the existence and the viability of an affair are tied up by risk in the measure in how the … generate them. The operating risk is evaluated through the degree operating leverage, calculated as the sensitivity of … operating profit to the sales variability. It is demonstrated that the level of this risk is determined by the expenses …