ACC501 - Accounting for Decision Making, Mod 2 Case Assignment
Globalization, economic fluctuation, and competition highly influence the flow of businesses. These happenings could either bring a good effect or a bad effect to any industry. In the case of the manufacturing firms, they base their success on the profitability of the products that they are offering. So that they may experience long-term profitability, careful planning and decision-making are necessary. The primary reason why people engage in business is to earn profit. Companies who have great knowledge in the mathematics of business are more likely to survive in the changing business environment (Foster, 2007).