What is Cost-Volume-Profit (CVP) analysis and how it is helpful for small businesses
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Cost volume profit (CVP) analysis is a management accounting tool used to determine how changes in sales volume, costs, and prices affect a company's profits. CVP analysis is a useful tool for decision-making, such as setting prices, selecting product lines, or making changes to production processes.
What is Cost-Volume-Profit (CVP) analysis and how it is helpful for small businesses
What is Cost-Volume-Profit (CVP) analysis and…
What is Cost-Volume-Profit (CVP) analysis and how it is helpful for small businesses
Cost volume profit (CVP) analysis is a management accounting tool used to determine how changes in sales volume, costs, and prices affect a company's profits. CVP analysis is a useful tool for decision-making, such as setting prices, selecting product lines, or making changes to production processes.