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:
“Really to see the sun rise or go down every day, so to relate ourselves to a universal fact, would preserve us sane forever.”
—Henry David Thoreau (1817–1862)
“The first rule of venture capitalism should be Shoot the Inventor.”
—Richard, Sir Storey (b. 1937)