Cost management feature definition

  • What are the features of cost?

    Features of Cost Concept
    This cost includes the purchase price, taxes, transportation costs, and any other expenses directly attributable to bringing the asset to its present location and condition..

  • What are the features of strategic cost management?

    1.

    1. Life Cycle Costing
      2. .1.
    2. Target Costing
      3. .1.
    3. Kaizen Costing
      4. .1.
    4. Value Analysis and Value Engineering
      5. .1.
    5. Throughput Costing
      6. .1.
    6. Business Process Re-engineering
      7. .1.
    7. Lean Accounting
      8. .1.
    8. Socio Economic Costing

Excessive ongoing expansion or addition of features in a product

Feature creep is the excessive ongoing expansion or addition of new features in a product, especially in computer software, video games and consumer and business electronics.
These extra features go beyond the basic function of the product and can result in software bloat and over-complication, rather than simple design.

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Strategic cost management answer key chapter 1