A CVP requires that you think about your business from the perspective of what group?
A)the employees
B)the investors
C)the customers
D)the operations team

Question

Quizplus · Accepted Answer

CVP stands for Cost-Volume-Profit, and in order to determine the profitability of a business, you must focus on the perspective of the customers. This involves understanding the pricing strategy, sales volume, and how the customers' needs and preferences may impact the business's profitability. The other groups (employees, investors, operations team) are important, but they are not the primary focus when developing a CVP.

A CVP Requires That You Think About Your Business from the Perspective