Question - Please answer the questions with 8-12 sentences.
1. Describe and discuss 3 different ways cost-volume-profit analysis could be useful to management.
2. Identify and describe 3 products that you are familiar with and think are 'price makers' (price setters) and 3 products that are 'price takers' and why you think they are that type of products. Be specific when you mention your product including the company and the item - for example Dell computer or Starbucks coffee.