Do you think more regulations and standards are needed for setting product prices, or should all companies be free to charge any prices they want? Why, or why not?
article by Ittner C and Larcker D (2000) they recommended the two benefits and disservices of Non-monetary measures. They offer four clear benefits over estimation frameworks dependent on monetary information. a. First of these is a nearer connection to long haul authoritative techniques. For instance, new item improvement or extending authoritative capacities might be significant key objectives, yet may prevent transient bookkeeping execution. By enhancing bookkeeping measures with non-monetary information about essential execution and execution of key plans, organizations can impart goals and give impetuses to supervisors to address long haul system. b. Second, pundits of conventional measures contend that drivers of achievement in numerous businesses are "theoretical resources" like scholarly capital and client steadfastness, rather than the "hard resources" permitted on to accounting reports. Despite the fact that it is hard to measure elusive resources in monetary terms, non-monetary information can give aberrant, quantitative signs of an association's immaterial resources. c. Third, non-monetary measures can be better signs of future monetary execution. In any event, when a definitive objective is augmenting monetary execution, current monetary measures may not catch long haul benefits from choices made at this point. d. At long last, the selection of measures ought to be founded on giving data about administrative activities and the degree of "clamor" in the actions. Commotion alludes to changes in the presentation measure that are past the control of the supervisor or association, going from changes in the economy to karma. Five essential constraints have been distinguished as detriments; First and foremost, Time and cost has been an issue for certain organizations. They have observed the expenses of a framework that tracks countless monetary and non-monetary measures can be more prominent than its advantages. Besides is that, not normal for bookkeeping measures, non-monetary information are estimated in numerous ways, there is no shared factor. Assessing execution or making compromises between credits is troublesome when some are named on schedule, some in amounts or rates and some in subjective ways. The third issue is an absence of causal connections with the fourth being the absence of factual unwavering quality – regardless of whether an action really addresses what it indicates to address, rather than irregular \"measurement error\". Lastly albeit monetary measures are probably not going to catch completely the many components of authoritative execution, carrying out an assessment framework with an excessive number of measures can prompt "estimation crumbling".>GET ANSWER