Relevant Cost and Decision Making – An example

Creative Designing plc a printing company is seeking to increase its business by winning work from new customers. It has received an order from a multinational national company for printing New Year Greeting Cards. The technical team of Creative Designing has given a detailed report on the resource requirement for the order. The total cost […]

Decision Making

Decision making is a key function of managers which involves choosing between alternatives. There are various types of decisions faced by managers. Below are a few examples a) Make or buy a product b) Accept or reject an order c) Shutdown or continue operations of a plant d) Introduce a new product or not   […]