Universal Shutdown Rule
The firm shuts down "only if its revenue is less than its avoidable costs."
Read more about this topic: Shutdown (economics)
Famous quotes containing the words universal and/or rule:
“So in accepting the leading of the sentiments, it is not what we believe concerning the immortality of the soul, or the like, but the universal impulse to believe, that is the material circumstance, and is the principal fact in this history of the globe.”
—Ralph Waldo Emerson (1803–1882)
“If you would rule the world quietly, you must keep it amused.”
—Ralph Waldo Emerson (1803–1882)