Business applications of cost/volume/profit analysis includes but not limited to: Question 15 options: The decision to purchase or repair the machinery is based on the contribution margin concept. The decision to drop old product(s) and add new product(s) in the portfolio of products and product lines.is taken based on the contribution margin calculated under the costing system. The decision of the investor whether the purchase the bond issued by the company or not. All of the above are applications of CVP analysis a and b are applications of CVP analysis