Firms can use total cost analysis to:
A) See how efficiently management is using its total assets to generate profits
B) Select the most cost-effective supplier
C) Show how many times a firm's inventory is utilized and replaced over an accounting period
D) Brainstorm and isolate the causes of a problem

Question

Quizplus · Accepted Answer

Total cost analysis helps firms evaluate the overall costs associated with different suppliers to select the most cost-effective option.

Firms Can Use Total Cost Analysis To