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Management · Q385

Management Accounting

Graduate and Post Graduate · Management · question 385

Q385

Decisions made by company, which products to manufacture and sell and in what quantities out, of many product lines are called

A.
incremental decisions
B.
outsource decisions
C.
product mix decisions
Answer
D.
in-source decisions

Answer: Option C

Solution

Answer: Option C
Solution:
Decisions made by company, which products to manufacture and sell and in what quantities out, of many product lines are called product mix decisions. Product mix decision refers to the decisions regarding adding a new or eliminating any existing product from the product mix, adding a new product line, lengthening any existing line, or bringing new variants of a brand to expand the business and to increase the profitability.