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Summary: Marketing And Production Managers Meeting At Grant Enterprises

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The production function is responsible for producing the products or services that will be sold to its customers. Marketing function consists of processes and development, pricing, promotion, and distribution of goods and services to customers (Sawyer, Jackson, & Jenkins, 2013). Examples of accounting information that would be useful for the marketing and production managers meeting at Grant Enterprises would be first, the overall expected cost for development for the new product. Evaluating the cost of production gives you the ability to set the price at the most competitive point for the new product. Second, it would be useful to know the expected labor cost to meet the production requirements. This information establishes the resource
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