Managers need to know product costs to make ongoing decisions such as which products to emphasize or deemphasize and the pricing of products.

Question

Quizplus · Accepted Answer

Knowing product costs is crucial for managers to make informed decisions about products, including which ones to focus on and how to price them appropriately. Without this information, managers may make decisions based on incomplete or inaccurate data, which could negatively impact their business.

Managers Need to Know Product Costs to Make Ongoing Decisions