List examples of economic decisions that the following people would need to make with the use of
Question:
List examples of economic decisions that the following people would need to make with the use of accounting information:
• A marketing manager
• A production manager
• The Chief Executive Officer of a national football league
• The manager of a second-hand clothing charity
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Marketing manager Decisions about which marketing tools eg radio TV billboards brochures sponsorships etc are most effective in promoting the companys productsservices the best times to put advertising eg which times on TV or radio how much to spend on advertising whether it is beneficial to conducts surveys for customers about the productsservices Production manager Decisions about appropriate production staff levels appropriate plant and machinery capacity to meet customers demands costs of raw materials labour and overhead such as electricity in order to make the appropriate goods where to get the best suppliers of materials with reasonable price costs of occupational health and safety how to improve the efficiency of the production process eg acquiring new machinery Chief Executive Officer of a national football league Decisions about the venue selection and costs for football matches ticket pricing for football matches in different venues and for special events such as grand final possible breaches of the salary cap imposed on football clubs possible implementation of new rules or abolition of certain existing rules annual membership fees sponsorship ...View the full answer
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Related Book For 
Accounting
ISBN: 978-1118608227
9th edition
Authors: Lew Edwards, John Medlin, Keryn Chalmers, Andreas Hellmann, Claire Beattie, Jodie Maxfield, John Hoggett
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