Strategic cost management answer key chapter 1

After critical success factors (CSFs) have been identified, the next step in developinga competitive strategy is to develop relevant and reliable meaSUre for these CFSs.
Ifthese measures are not developed, a firm cannot hope to:A.
Make profit for any extended period.
B.
Increase sales above previous year(s).
C.

The strategic approach to management requires integrative thinking, i., the ability to identify and solve problems:a. from a cross-functional view.b. without using accounting data.c. quickly and decisively. d. under considerable stress.
Firms have responded to the recent changes in business in all but which one of the following ways? a.

d.
An important strategic decision is making the correct investments in productive