For small business owners, a lack of accurate cost information can foster the illusion of making a greater profit than is really earned.

Question

Quizplus · Accepted Answer

Without accurate cost information, small business owners may not be factoring in all of their expenses and may underestimate their costs. This can lead to the illusion of a greater profit, when in reality their profit margins may be lower than they think.

For Small Business Owners, a Lack of Accurate Cost Information