Economic decision making using cost data: a manager's guide
Gespeichert in:
Bibliographische Detailangaben
1. Verfasser: Marburger, Daniel R. (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: New York, N.Y. (222 East 46th Street, New York, NY 10017) Business Expert Press 2013
Ausgabe:1st ed
Schriftenreihe:2013 digital library
Economics collection
Schlagworte:
Beschreibung:Part of: 2013 digital library. - Mode of access: World Wide Web. - System requirements: Adobe Acrobat reader
Includes bibliographical references (pages 117-118) and index
A firm maximizes profits if each decision adds more to the firm's revenue than to its costs. Although the concept sounds rather simple, it is difficult to do in practice. Economic theory helps the decision-maker to accurately infer changes in revenues that may be associated with a decision. Similarly, economic theory suggests that the costs reported by accountants rarely reflect the true cost associated with the decision. The purpose of this book is to help managers understand how to assess the changes in revenues and costs. Demand and price sensitivity analysis allow managers to infer revenue changes. This book also reconciles the economic theory of cost with common accounting practices so the differences can be reconciled and better decisions can be made
Beschreibung:1 Online-Ressource (1 PDF (xiv, 121 p.))
ISBN:9781606495131
9781606495124

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