Final answer:
Managerial information is based on the company's products, revenues, costs, and profits. It focuses on providing information that helps managers make strategic decisions and effectively run the organization.
Step-by-step explanation:
Managerial information is based on the company's products, revenues, costs, and profits. It focuses on providing information that helps managers make strategic decisions and effectively run the organization.
Managerial information is derived from various sources within the organization, such as financial statements, sales reports, production data, and employee performance metrics. It is used to monitor performance, identify trends, analyze problems, and evaluate the success of different strategies.
For example, managerial information may include a report on the profitability of each product line, which can help managers allocate resources and make informed decisions about product pricing, promotion, and distribution.
It may also include information about employee productivity and customer satisfaction, which can help managers identify areas for improvement and develop strategies to enhance performance.