Assuming that VMD MIC competitors have an accurate costing system, what are the characteristics of jobs (services) that VMD MIC

Question

forsale [732]

2 years ago

5

Assuming that VMD MIC competitors have an accurate costing system, what are the characteristics of jobs (services) that VMD MIC

is likely to win vs. lose to their competitors

Business

1 answer:

denis23 [38] · Answer 1 · 2023-10-11T07:34:01+03:00

The characteristics of jobs that VMD MIC is likely to win is the goodwill from existing customers. while the competitors will have a higher market share because of effective pricing.

<h3>What is an accurate costing system?</h3>

This is a costing system that allows managers to measure profit so that they can make the best decisions for the company's future.

Hence, the accurate costing system is effective for managing pricing and profitability effectively.