Here are the questions for the week. Please and one and respond to a classmate's post. 1. Define breakeven point. Why is the breakeven point important to managers? 2. Describe three ways that cost-volume-profit concepts could be used by a service organization. 3. "Breakeven analysis isn't very useful to a company because companies need to do more than break even to survive in the long run." Explain why you agree or disagree with this statement