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

Exercise 3

What are the three financial-performance measures for investment centers?

Step 1 of 2

The primary goal of most of the business organization is to maximize profit. Now, managers have different approach and strategies to achieve this goal. It is necessary to have timely and periodic evaluation of the financial performance of the decisions taken by these managers. It helps is knowing the mistakes made and make changes that are needed.