Question
Many consultants have prescribed the following as some of the key responses to weather the crisis: (i) Develop a robust supply chain by performing vendor
Many consultants have prescribed the following as some of the key responses to weather the crisis:
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(i) Develop a robust supply chain by performing vendor risk assessment.
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(ii) Ensure financing remains viable by focusing on working capital management.
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(iii) Contain costs by reducing variable costs and converting fixed to variable costs where possible.
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(iv) Consider non-traditional revenue streams.
Give three (3) examples of management accounting information (two internal and one external) that could be used by a manager to make decisions in the above areas.
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