1 (a) Give FOUR (4) types of analysis or decision that we may solve using cost-volume-profit analysis. (b) How does gross margin differ from contribution margin (CM)? Do you agree that gross margin is less meaningful than contribution margin in CVP analysis? Explain briefly. (c) High variable costs would cause lower contribution margin. Suggest TWO (2) actions how a manager can decrease variable costs (in order to increase CM) and explain the effect of your suggestion on fixed costs. (d) How do you explain the breakeven and safety margin concepts to an event organiser of motivational talks? You can provide example and explanation