Introduction Break-even analysis is a financial tool used to determine when a business will be able to cover its expenses and start making a profit. It calculates the point where total cost equals total revenue. Key Formula Break-Even Point (BEP) = Fixed Costs / (Selling Price per Unit – Variable Cost per Unit) Importance Helps […]
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Introduction Forecasting is the process of estimating future trends and outcomes based on current and historical data. It plays a crucial role in business planning as it helps managers anticipate changes, allocate resources, and set realistic goals. Whether in finance, marketing, production, or human resources, forecasting is an essential component of effective decision-making and strategic
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