When making strategic decisions about which products to produce,managers do not need to know how revenues and costs vary with changes in output level.

Question

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Managers need to know how revenues and costs vary with changes in output level in order to make informed decisions about which products to produce. Understanding the relationship between output level and revenue/costs is essential for determining the most profitable mix of products and optimizing production efficiency.

When Making Strategic Decisions About Which Products to Produce,managers Do