How use sensitivity analysis in planning-future expansions


What is a sensitivity analysis? How would you use it in planning for future expansions? What role does this kind of analysis play in your work environment and/or your home environment? If you were trying to add a new service to your facility, what ratios would you use to determine if it would be profitable and how long until it would break even?

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Microeconomics: How use sensitivity analysis in planning-future expansions
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