ENTREPRENEURIAL PLANNING
FINANCIAL PLANNING AND ANALYSIS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is a use of break-even?
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Can assess the impact of changing variables e.g. lower selling price
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Set targets for minimum sales
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Show to potential investors to illustrate ability to make profit
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Helps to make decisions
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Explanation:
Detailed explanation-1: -Break-even can be helpful when a business wants to make decisions. It is particularly useful for making decisions about: New products – break-even can be used to predict how many units would need to be sold, and the business can judge whether this would be realistic based on their market research.
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