Managers can use CVP analysis to handle risk and uncertainty.

Name: Managers can use CVP analysis to handle risk and uncertainty.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

CVP analysis helps managers to identify the breakeven point and the level of sales needed to achieve a desired profit. This information can assist in making decisions related to pricing, product mix, cost structure, and overall strategy, which can help to reduce the impact of risk and uncertainty on the business.

Managers Can Use CVP Analysis to Handle Risk and Uncertainty