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How can we use differential analysis to help us make better decisions in business? For example, how can we use it to decide whether to
How can we use differential analysis to help us make better decisions in business? For example, how can we use it to decide whether to make or buy certain key components of a product we manufacture? Or, how can we use it to decide whether or not to replace a machine that it currently owns and uses with a new one that it would have to buy but which could save costs and improve quality? How would the concepts of fixed costs and sunk costs enter into these discussions?
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