Question:-

How would the trend described in the article affect the role of managerial accounting information in businesses in general ? Would this information be more important? Less important? How would the trend affect the role of product-costing information specifically.'

"There's a New Economy Out There, and It Looks Nothing Like the Old One," The Wall Street Journal, January 1, 2000. Thomas Petzinger. Jr. Overview One of the author's claims in the article is that the structure of decision making may have changed fun- damentally because the economy has experienced a breakup of the massive. monolithic companies of the past, giving way to smaller, more agile. and more focused companies. The downsizing and outsourcing trends of the past decade have speeded up this process. "People. departments and divisions that once marched to a single drummer inside a single company became widely scattered across the economy, each making its own decisions on the basis of local information."