_______ analysis expresses the relationship between a company's expenses,its volume of business,and the resulting profit.
A)MVP
B)ABC
C)CVP
D)CBP

Question

Quizplus · Accepted Answer

CVP analysis, or cost-volume-profit analysis, is a financial tool that helps businesses understand the relationship between their costs, volume of sales, and resulting profits. It can be used to determine a company's break-even point, the sales volume required to reach a desired level of profit, and the impact of changes in cost or price on profits. MVP, ABC, and CBP are not relevant to this concept.

_______ Analysis Expresses the Relationship Between a Company's Expenses,its Volume