What can be a consequence of lacking accurate product cost information?

Accurate product cost information is crucial for effective decision-making in a company. When a company lacks this information, it can lead to inefficiencies and losses because management may not have the necessary insights to price products appropriately, allocate resources effectively, or identify areas where costs can be reduced. This gap in knowledge can cause the company to either produce more than needed, leading to excess inventory and additional holding costs, or to underproduce, missing out on potential sales. Also, without a clear understanding of costs, businesses might invest in unprofitable activities, resulting in financial strain and operational challenges.

The other options hint at various outcomes that could stem from inaccurate cost information, such as pricing issues or overhead tracking problems, but they don't encapsulate the broader and more direct consequence of inefficiency and potential losses that arise from this lack of knowledge. Establishing market dominance, while important, is less directly connected to the immediate operational impacts caused by poor cost information.