Discuss how relevant information is used to make short-term decisions and how pricing affects...

Question:

Discuss how relevant information is used to make short-term decisions and how pricing affects short-term decisions.

Relevant Information

Relevant information is information that is currently useable to make decisions. For example, sales information for the last two months would be considered relevant. On the other end, financial statements from 1982 would not be, as they are so dated they are not applicable in any aspect.

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Relevant information provides the accurate up-to-date information regarding what is going on in the business world, and in particular the business...

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