Discussion :: Industrial Engineering and Prod'n Mgmt
- Break-even analysis can be used for
|
A.
Short run analysis |
|
B.
Long run analysis |
|
C.
Average of above two run analysis |
|
D.
There is no such criterion |
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Answer : Option A
Explanation :
Break-even analysis is a technique widely used by production management and management accountants. .
Total variable and fixed costs are compared with sales revenue in order to determine the level of sales volume, sales value or production at which the business makes neither a profit nor a loss
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