break even?
Since, XYZ Health Care is getting their new instrument it is important for them to know their breakeven point. Break even calculation help them to know their target value that need to be made to cover their cost and make a profit. Similarly, it is usually done as part of new business plan to see how particle the business idea is, and whether it is worth pursuing (Martin, 2014). XYZ health Care can use this analysis in price setting, promotional process and for cost control
Since, XYZ Health Care is getting their new instrument it is important for them to know their breakeven point. Break even calculation help them to know their target value that need to be made to cover their cost and make a profit. Similarly, it is usually done as part of new business plan to see how particle the business idea is, and whether it is worth pursuing (Martin, 2014). XYZ health Care can use this analysis in price setting, promotional process and for cost control