Raider Corporation is planning to introduce a new product to its product line.

$1.$ You are tasked with conducting a Cost$-$Volume$-$Profit $($CVP$)$ analysis for the new product.

$2.$ Discuss the key components of CVP analysis, including the breakeven point, contribution margin, and margin of safety.

$3.$ Additionally, explain how CVP analysis can assist Raider Corporation in making strategic decisions related to pricing, sales volume, and overall profitability for the new product.

$4.$ Discuss any assumptions or limitations associated with CVP analysis that management should be aware of when using this tool for decision$-$making.

$5.$ Finally, suggest potential strategies that Raider Corporation could employ to improve its CVP metrics and enhance the financial performance of the new product.