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Explanation of the processes involved in establishing cost and profit input and output within business applications

1   Produce a report in which you address the following:

  • Explanation of the processes involved in establishing cost and profit input and output within business applications
  • Description of variables related to cost and profit margins and how these variables are monitored and controlled
  • Outlining of breakeven analysis processes related to business objectives and applications
  • Evaluation of breakeven analysis identifying and discussing strengths and weaknesses using examples
  • Explanation of the aims, objectives and processes of budgeting for business applications and context
  • Description of types of budgets and their relevance to specific business contexts
  • Discussion relating to budgetary responsibility within a business and what the responsibility entails

 

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