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Financial decision making T6D2

Financial decision making T6D2

Q How is relevant costing used in decision making? What would the relevant costs be in deciding whether to discontinue a segment of business? Cite any references used. Participate in follow-up discussion by reviewing your classmates' posts, adding additional information, asking questions, or responding to follow-up questions posed by your instructor.

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Costing is very much important when considering important business decision making. Because, the costs must be recovered and then only the basic profits can be made. Cost determines the market price of a specific product, or rather the quoted price of the price of the product for which it will be sold. Any product when launched in the market has the objective of making the profits. Initially, it may not be targeted to make profits, but rather, to enter the market in the first place,