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Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773

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BuyFindarrow_forward

Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773
Textbook Problem
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What is the difference between tactical and strategic decisions?

To determine

State the differences between tactical and strategic decisions.

Explanation

Tactical and Strategic decisions:

Tactical decisions are known as short-term decisions because the alternatives are selected within a limited time frame whereas strategic decisions are generally the long-term decisions because the selection of an alternative is done between different strategies.

The following table represents the difference between tactical and strategic decisions:

BasisTactical decisionsStrategic decisions
NatureShort-term decision making that is the immediate selection of alternatives is done.Long-term decision making that is alternatives are selected from various strategies.
ExampleSpecial sales decisionMake-or-buy decision

Table (1)

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