Companies have always had a constant struggle with competitors. This struggle, however, has increased in the last decade as the competition has grown from that of principally U. S. based firms to include firms worldwide. This worldwide competition has not only increased the importance of price, but also that of product quality. Companies can no longer just equal or be slightly below competition in quality if they desire an equal or higher price for their product. Most foremen have had experience in this change in trend during the past decade.
KeywordsFixed Cost Cost Control Standard Cost Favorable Variance Expendable Tool
Unable to display preview. Download preview PDF.