Determine, How does break-even analysis assist businesses in making decisions regarding cost control and efficiency improvements?
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- Give an example business and explain how you will apply methods/ approach below for the success of the business. - income-based valuationWhat strategy should a business manager follow to increase the competitiveness of his business?What is Strategic Cost Management and how is it linked to strategies and competitive advantage?
- Perform cost-benefit analysis and describewhat is meant by the time value of money,present value, discount rate, net present value,return on investment, and break-even analysis.what is the best strategy to maximize profits?How do the five competitive forces in Porter’s five forces model affect the average profitability of the industry? For example, in what way might weak forces increase industry profits, and in what way do strong forces reduce industry profits? Identify an industry in which many of the competitors seem to be having financial performance problems. Which of the five forces seem to be strongest?
- How can an organization effectively identify and leverage untapped opportunities within the elements of its value chain to enhance overall business performance and competitive advantage?Explain the fundamental factors considered when making decisions to achieve various goals of a firm?#4 How does a government agency raise revenue differently from a private company, and how does that affect the way government decisions are made, compared to business decisions?