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What is Cost Volume Profit Analysis?
It is a technique of cost-accounting found in Managerial Economics. It deals with the profit of business and hence, necessary for those who want to shine like a business man in future. However, it is based on breakeven point of cost. Its ideas are useful for the managers of different companies and through this conception they may take proper decisions for the betterment of their company.
Cost Volume Profit Analysis is an important subject and it is necessary to possess clear and compact knowledge of this subject. Incomplete notion will stand as the main obstacle for business people. To overcome such trouble pupils must obtain accurate details of every factor under it.
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