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Basic Concepts in Strategic Cost Management

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  • 1. Multiple Choice
    30 seconds
    1 pt

    It is a set of policies, procedures and approaches to business that produce long-term success.

    Regulation

    Strategy

    Plan

    Objectives

  • 2. Multiple Choice
    30 seconds
    1 pt

    These involves setting of goals for the firm, evaluating the various ways to meet the goals and picking out what appears to be the best way to meet the goals

    Tactics

    Directing

    Communicating

    Planning

  • 3. Multiple Choice
    30 seconds
    1 pt

    It is a technique in which management develops policies and practices to ensure that the firm's products and services exceed customer's expectations.

    Customer Service

    Total Quality Management

    Just-In-Time

    Benchmarking

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