Cost Accounting (15th Edition)

Published by Prentice Hall
ISBN 10: 0133428702
ISBN 13: 978-0-13342-870-4

Chapter 1 - The Manager and Management Accounting - Assignment Material - Questions: 1-3

Answer

Management accountants can help formulate strategy by providing management with information about the sources of competitive advantage.

Work Step by Step

Information about the sources of competitive advantage include the premium prices a company can charge in relation to the cost of differentiating the product, as well as the company's productivity, cost, or efficiency advantage as compared to competitors. The analysis of this information can help managers formulate strategy.
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