The breakeven point is the point at which:a.Costs exceed revenuesb.Revenues exceed costsc.Profits reach their maximum leveld.No profit or loss is incurred

Analysis of the Options

1. Understanding the Breakeven Point
   The breakeven point is a critical concept in business that indicates when a company's revenues exactly match its costs, resulting in neither profit nor loss.

2. Evaluating Each Option
   a. Costs exceed revenues - This indicates a loss, which is not the breakeven point.
   b. Revenues exceed costs - This indicates profit, not the breakeven point.
   c. Profits reach their maximum level - This does not describe breakeven because maximum profits are beyond breakeven.
   d. No profit or loss is incurred - This accurately describes the breakeven point, where total revenues equal total costs.

Conclusion

The correct answer is d. No profit or loss is incurred. This reflects the definition of the breakeven point in a financial context, where the total revenue covers the total costs without generating profit or incurring a loss.