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When performing cannibalization analysis, we care about the change in profit for each product, not about the change in profit for the entire company. True False If a company's fixed costs go up by $10,000, but its product pricing. number of units sold and variable costs stay the same, the company's profit will decrease by $10,000. True False Assume you need to cover $7,000 per month of personal living expenses with the profits from your business. How much profit does your business need to make in order for you to "take home" $7,000 per month? Assume you have to pay out 30% of the business's profits for taxes. Unit contribution is the same thing as sales minus cost of goods sold. True False
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