Question: Question 1. Comment on the assertion that strategic planning is a never-ending process that develops basic business objectives and establishes (or reconfirms) business direction. (An

Question 1. Comment on the assertion that strategic planning is a never-ending process that develops basic business objectives and establishes (or reconfirms) business direction. (An assertion made by a recent management graduate). Your answer should not be less than 500 words. (20 marks)

Question 2 The director of XYZ Company queried the relevant of Cost Volume Profit (CVP) analysis as a tool that evaluates the effects of changes in cost, volume and selling price on profits. As the director is new and does not have the financial knowledge pertaining to CVP analysis, he approaches you for advice. Required: Advise the director on why CVP analysis is an important part of a companys planning process and management decision making. Your answer should not be less than 500 words (20 marks)

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