The authors, Machuga and Smith (2013), present in the article a multidisciplinary case-method approach to help students who want to start a successful business understand the steps necessary to achieve their desired profits using cost-volume-profit (CVP) analysis. The case-method emphasizes on the importance of CVP analysis and how it ties directly into the planning and control processes any management must take to start a potentially successful business.

After reading the aforementioned Machuga and Smith article, discuss how cost-volume-profit (CVP) analysis and flexible budgeting can enable students to understand the different stages involved in starting up a business, projecting out results, and monitoring business performance (Machuga & Smith. 2013).

http://digitalcommons.www.na-businesspress.com/JAF/MachugaS_Web13_6_.pdf 

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Costvolumeprofit CVP analysis and flexible budgeting are powerful tools that can significantly aid students in understanding the complexities involved ... View the full answer