What is an example of a strategic management decision that uses cost information?
A)calculating the cost of production areas
B)determining the product mix
C)assessing a cost control program in a factory
D)determining the amount of cost of goods sold for financial reporting

Question

Quizplus · Accepted Answer

Determining the product mix involves analyzing cost information to determine which products are most profitable and which ones may need to be discontinued. This is a strategic management decision that requires cost information. The other options may use cost information as well, but they are more operational or financial in nature rather than strategic.

What Is an Example of a Strategic Management Decision That