Title: Explain cost analysis.
Course: Strategic Marketing (12152) > Section: Examining Financing

Explanation should include

- identifying expenses for a company and developing a cost analysis sheet
- identifying build-out costs, employee pay, and the cost of equipment and consumables
- requesting credit from a vendor
- distinguishing between fixed and variable costs.

Process/Skill Questions:

- What tools are commonly used in cost analysis?
- How do companies manage cost? What are some ways to keep cost down?
- Why would it be advantageous to keep cost analysis as simple as possible?
- How does cost analysis help companies avoid threats and enhance opportunities?
- How can a company reduce fixed costs?
- What is the break-even point for a company?
- Which software can be used to ensure efficiency when conducting cost analysis?
- Where can companies find valid information to use in conducting cost analysis?