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In a minimum of 175 words. Explain CVP. How is the Breakeven point related to CVP? What are the benefits of CVP and what are

In a minimum of 175 words. Explain CVP. How is the Breakeven point related to CVP? What are the benefits of CVP and what are the weaknesses in the method? Is CVP too simplistic to be used in today's changing business environment? Note the definition of simplistic - i.e. overly simplified. Why or why not?

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