Cost Management: A Strategic Emphasis 5th Edition by David Stout, Edward Blocher, Gary Cokins

Exercise 38

Give three examples of firms you believe would not be significant users of cost management information and explain why.

Step 1 of 6

Normally, no doubt cost management information plays an important role in the firm and also for the industry in making plans and the strategy for the future and making various decision making process in order to win over the competitors. But there are certain areas where cost management information is irreverent for the firm and also not impact upon the industry as a whole.