Write a short essay and discuss the use of cost-profit analysis (CVP) in the not-for-profit and service organizations. How is it different in the manufacturing and merchandising sectors?
What will be an ideal response?
Yes, managers use cost-profit-analysis in the not-for-profit and service sectors. Managers in service and not-for-profit organizations focus on measuring output, which is different from the tangible units sold by manufacturing and merchandising organizations.
You might also like to view...
Which one of Kant's basic human rights is violated when a supervisor requires an employee to do something that is unsafe or environmentally damaging, in spite of the employee clearly objecting to the order?
A. Right of freedom of speech B. Right of equal opportunity employment C. Right to due process D. Right of freedom of conscience E. Right of privacy
The marketing mix is integral to the value equation which is represented by:
A) Value = Price/Benefits. B) Value = Benefits/Price. C) Value = Benefits × Price. D) Value = Benefits - Price. E) Value = Benefits + Price.