Question: Qualitative factors do not play an important role in relevant cost analysis. We should focus more on quantitative factors as outcomes can be measured in
Qualitative factors do not play an important role in relevant cost analysis. We should focus more on quantitative factors as outcomes can be measured in numerical terms. With reference to the production managers statement above, please provide your comments by stating the relevancies of the quantitative and qualitative factors for flexibility in making decision related to cost analysis. Give an example to illustrate your answer.
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