Required:

Listed below are a number of activities managers may perform. Identify which of these activities are steps in management's decision$-$making process.

Analyze how changes in cost structure affect cost$-$volume$-$profit relationships.

Make the decision

Eliminate the product line

Evaluate the costs and benefits of the alternatives

Prioritize products to maximize short$-$term profits

Determine the decision alternatives

Process the product further

Review the results of the decision

Use cost$-$volume$-$profit analysis to determine sales needed to break even.

Identify the decision problem