Answer to Question #238683 in Management for Gundo

Question

Discuss what forms of relevant information are applicable for business decisions related to Make or Buy Decisions, Accept or Reject Special Orders; Continue or Discontinue Business, and Sell or Process Further, and others

Answer 1

1. Data about Competition

Competition is significant when deciding on business and marketing, sales, and production. To attract potential customers, you will lower the price, thus affecting the business.

2. Information about Demand in the Market

For every business's success, the demand should be high, and the products should be readily and easily accessible; this affects the decision on sales, processing further, and purchase decisions for a business.

3. Customer information

Availability of potential and reliable customers helps to decide on sales, production, marketing, and other management decisions in the market.