Strategic cost management cabrera

  • What is the strategy for managing costs?

    What is a cost management strategy? A cost management strategy is another term for strategic cost management.
    It refers to a process of understanding total costs to improve business's strategic position and meet long-term objectives..

  • Effect of Strategic Cost Management
    Allows for a better understanding of the cost structure when making management decisions.
    It improves upon traditional cost analysis measures by integrating organizational strategy.
    It relates costs to the various elements of the value chain.
An important strategic decision is making the correct investments in productive assets. 3. All of the 
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