I have noticed Cost- Volume-Profit is not always the best strategy because it assumes a strong relationship between sales, volume, and profits, however, may not always be accurate in complex business situations. I think companies should use Cost-Volume-Profit; however, they should take other methods of analysis into account. Not relying on one method helps companies see an overall picture of what is going on. This allows companies to be able to make better decisions because they have more information to consider. What would you say is your organization's 2nd go-to method of analysis?

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While CostVolumeProfit CVP analysis provides valuable insights into the relationship between costs v... View the full answer