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CVP analysis, or cost-volume-profit analysis, provides a broader framework than breakeven analysis by examining the relationships between costs, sales volume, and profit across various levels of activity. While breakeven analysis focuses specifically on the point where total revenues equal total costs, CVP analysis also considers how changes in costs, prices, and volume affect overall profitability. This comprehensive approach helps businesses make informed decisions about pricing, product mix, and cost control, making CVP analysis a more accurate and versatile tool for financial planning and analysis.

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2mo ago

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On my economics exam it's asking me to comment on a subject you will not get the marks if you describe or explain so how do you go about answering it what does comment actually mean?

To comment means to give an opinion of what you think of a subject. You might discuss some of the effects, or perhaps some of the problems and/or advantages associated with the subject.


How are economics used everyday?

People make descisions every day, whether its what to buy in the shops or what to watch on TV something has to be given up in order to have something else. Supply and demand are economic terms used to describe trends in business but it can also be used to describe a situation at home eg. when your hungry your body is demanding food therefore when you eat you are supplying that demand with food. Economics is a vast and interesting subject so the list is endless so these are just a few examples.


What is a definition for the term subject?

A subject is a sentence element that consists of one or more nouns or pronouns, plus any modifying words.George Washington was a US President.A subject is a person or item of interest.He was the subject of a police investigation.The robbery was the subject of many journalists.A subject is a topic.My essay subject is "The Best Practices of Dog Walkers".He changed the subject when I asked about his health.


What is multiple regression?

Statistical analysis that describes the changes in a dependent variable, such as sunglass sales volumes, associated with changes in one or more independent variables, such as the average age of the residents of a market area. For example, a multiple-regression analysis might reveal a positive relationship between demand for sunglasses and various demographic characteristics (age, income) of the buyers-that is, demand varies directly with changes in their characteristics. Multiple regression thereby helps marketers to identify their best prospects.For the source and more detailed information concerning this subject, click on the related links section (Answers.com) indicated below.


What is statement objective in case study?

The statement of objectives in a case study outlines the specific goals and purposes of the research. It clarifies what the study aims to achieve, guiding the methodology and analysis. By establishing clear objectives, the case study can focus on relevant issues and provide valuable insights into the subject matter. Ultimately, it helps ensure that the findings are aligned with the intended research questions.

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