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Question - 10 marks A. When conducting a cost analysis on a business, what are the two types of costs you would have to investigate?

Question - 10 marks

A. When conducting a cost analysis on a business, what are the two types of costs you would have to investigate? Give 2 examples of each.

B. How is a companys revenue worked out?

C. What formula is used to calculate profit?

D. What does optimization of profit mean?

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