Managerial Accounting Is Used by Managers to

question 102

Multiple Choice

Managerial accounting is used by managers to

• A)Plan.
• B)Evaluate.
• C)Control.
• D)All of these ans choices are correct.

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Definitions:

Experiential Approach

A method focusing on creating experiences for consumers, emphasizing the importance of sensory, emotional, cognitive, and relational values beyond the functional value of a product or service.

Service Dominant Logic

A perspective that sees service, rather than goods, as the fundamental basis of exchange and views all economic activity as service.

Marketing Mix

The combination of factors that can be controlled by a company to influence consumers to purchase its products, traditionally categorized as product, price, place, and promotion.