Product or service costing influences? A. Production management making manufacture decision. B. Marketing manager maki...
Product or service costing influences?
A. Production management making manufacture decision.
B. Marketing manager making price decision.
C. Finance manager making investment decision
D. Human resources manager making sales
E. All of them are true.
Homework Answers
Product or Service Costing influences ALL OF THESE
| Production management making manufacture decision | When making manufacture decision the costing of the product/service is very crucial and relevant to the decision making. All the costs relevant to the decision making must be known in order to make a well informed decision. |
| Marketing manager making price decision | For making such a decision you need to know the price and it becomes relevant to know the price of the product/service |
| Finance manager making investment decision | For making an investment decision profits should be known and to know the profits, price is important |
| Human resources manager making sales | For making sales you need to know the sales price and to know the sales price you need to know the price. So product/service costing would influence a human resource manager making sales. |
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