Why is it important for a manager to understand

Reference no: EM133481597

Questions: Answer the following question(s) in your own words:

Why is it important for a manager to understand the relationships between cost, volume, and profit?
What does it mean when a manager says, "We broke-even this month."
What does it mean when a manager says, "We had a profit of $10,000 this month?"

Reference no: EM133481597

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