When management understands the overall cost structure of a company ,they are in a better position to
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When management understands the overall cost structure of a company,they are in a better position to identify possible cost reductions without negatively affecting the quality of products sold or service provided to customers. Management should also keep a close eye on the cost trend to ensure stable cash flows and no sudden cost increases take place unexpectedly.
- When examining the profitability of an organization how does the understanding of cost accounting and the existing cost structure system assist in becoming more efficient and as such more profitable?
Related Book For
International Marketing And Export Management
ISBN: 9781292016924
8th Edition
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
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