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Discuss the limitations of cost-volume-profit (CVP) analysis in managerial decision-making. Identify and explain potential constraints and challenges associated with the application of CVP analysis in

Discuss the limitations of cost-volume-profit (CVP) analysis in managerial decision-making. Identify and explain potential constraints and challenges associated with the application of CVP analysis in different business scenarios. Propose alternative approaches or supplementary tools that can complement CVP analysis to enhance decision-making effectiveness.

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