As Canadian firms focus on cutting costs in order to stay competitive with producers in low-wage countries,______will gain importance.

Question

Quizplus · Accepted Answer

Managerial accounting focuses on providing information to management for decision-making and cost control. As Canadian firms try to cut costs in order to stay competitive with low-wage countries, they will need to use managerial accounting techniques to identify areas where costs can be reduced without sacrificing quality.

As Canadian Firms Focus on Cutting Costs in Order to Stay