Variance analysis
Variance analysis
Glossary of business
Definition of variance analysis
Variance analysis is used to explore the difference between the plans that a firm made beforehand and the actual outcome. It is a useful tool for analysing the success of a strategy. Variance analysis assesses whether the outcome has been better (favourable variance) or worse (adverse variance) than the plan and looks at the reasons for the difference in performance from what was expected.
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Terminology about business
Job world
Definition and meaning of variance analysis
Meaning of variance analysis
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