How can managerial accounting support these change...

Many U.S. businesses have changed their management philosophies to become more competitive. These changes include:

  • Marketing strategies aimed at global markets.
  • Emphasis on customer satisfaction, including focus on product quality.
  • Large investments in new production technologies.
  • Creation of management teams with representatives from many functional areas.
  • Development of real-time business information systems.

How can managerial accounting support these changes so that businesses can compete successfully?

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