To View Product Design from a "Systems" Perspective, Managers Must

question 21

Short Answer

To view product design from a "systems" perspective, managers must view a product in terms of its impact on __________.

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Definitions:

Management Decisions

Choices and judgments made by the management team of an organization regarding strategic planning, resource allocation, and operations.

Pooling Costs

Pooling costs involves aggregating various types of indirect costs together into one cost pool, which is then allocated to different products or services based on certain criteria.

Pool Rate

A predetermined overhead rate used in cost accounting to allocate overhead costs to various cost objects, based on a particular cost pool.

Budgeting Technique

A budgeting technique is a method or approach used to plan and manage financial resources, forecasting income and expenditures over a set period.