# CTE Resource Center - Verso - Marketing, Advanced Task 1523667070

CTE Resource Center - Verso

Virginia’s CTE Resource Center

Explain cost analysis.

Definition

Explanation should include
  • identifying expenses for a company and developing a cost analysis sheet
  • identifying build-out costs, employee pay, and cost of equipment and consumables
  • the difference 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?

Related Standards of Learning

English

11.5

The student will read, interpret, analyze, and evaluate a variety of nonfiction texts including employment documents and technical writing.
  1. Apply information from texts to clarify understanding of concepts.
  2. Read and correctly interpret an application for employment, workplace documents, or an application for college admission.
  3. Analyze technical writing for clarity.
  4. Paraphrase and synthesize ideas within and between texts.
  5. Draw conclusions and make inferences on explicit and implied information using textual support.
  6. Analyze multiple texts addressing the same topic to determine how authors reach similar or different conclusions.
  7. Analyze false premises, claims, counterclaims, and other evidence in persuasive writing.
  8. Recognize and analyze use of ambiguity, contradiction, paradox, irony, sarcasm, overstatement, and understatement in text.
  9. Generate and respond logically to literal, inferential, evaluative, synthesizing, and critical thinking questions about the text(s).

12.5

The student will read, interpret, analyze, and evaluate a variety of nonfiction texts.
  1. Use critical thinking to generate and respond logically to literal, inferential, and evaluative questions about the text(s).
  2. Identify and synthesize resources to make decisions, complete tasks, and solve specific problems.
  3. Analyze multiple texts addressing the same topic to determine how authors reach similar or different conclusions.
  4. Recognize and analyze use of ambiguity, contradiction, paradox, irony, overstatement, and understatement in text.
  5. Analyze false premises claims, counterclaims, and other evidence in persuasive writing.

Other Related Standards

National MBAResearch Standards-Business Administration

Acquire a foundational knowledge of accounting to understand its nature and scope.