Question

4_____ is narrower in scope than cost analysis.

Answer 1

Answer:

Production is the right answer.

Answer 2

Production analysis is narrower in scope than cost analysis.

• Production analysis is concerned with the extensive analysis where the economic resources like the land, labour, and capital are used to typically produce the finished product of a business.
• Whereas, In general, the primary purpose for cost analysis is to properly assess the effective costs of each of the services under functional analysis.
• The analysis of production is narrower in nature than the analysis of direct costs. In material terms, production analysis always continues, while in monetary terms, cost analysis proceeds.