Decisions made by company, which products to manufacture and sell and in what quantities out, of many product lines are called
A. incremental decisions
B. outsource decisions
C. product mix decisions
D. in-source decisions
Answer: Option C
Solution(By Examveda Team)
Decisions made by company, which products to manufacture and sell and in what quantities out, of many product lines are called product mix decisions. Product mix decision refers to the decisions regarding adding a new or eliminating any existing product from the product mix, adding a new product line, lengthening any existing line, or bringing new variants of a brand to expand the business and to increase the profitability.Related Questions on Management Accounting
A. resourcing
B. value acquiring
C. production
D. value acquaintance
Examining of past performance, exploring alternative and planning future is
A. learning
B. alternating
C. examining
D. deciding
Time that a company takes to create and produce a new product is classified as
A. management factor
B. time factor
C. customer factor
D. chain factor
Purpose of management accounting is to
A. past orientation
B. help banks make decisions
C. help managers make decisions
D. help investors make decision
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