What you will study Business organisations and the analysis of their external environment The microeconomic factors of the external business environment: elasticities of demand and supply; price determination; cost behaviour; market structures and competition; market intervention The macroeconomic context of…
Tag: business economics
Breakeven Analysis and Limiting Factor Analysis in Business
What you will study Calculation of the breakeven point (BEP) in cost volume profit (CVP)/breakeven analysis The contribution/sales (C/S) ratio and the margin of safety in marginal costing Breakeven arithmetic and profit target calculations Breakeven charts and profit/volume graphs Limiting…