By their decisions, managers influence cost behavior throughout the entire value chain.

Question

Quizplus · Accepted Answer

Managers make decisions on pricing, production levels, and resource allocation, which can affect cost behavior in various activities along the value chain, such as procurement, manufacturing, and distribution. Their decisions can either increase or decrease costs, depending on the chosen strategy and the efficiency of operations.

By Their Decisions, Managers Influence Cost Behavior Throughout the Entire