Question

the focus is external to the firm, seeing each firm in the context of the overall...

the focus is external to the firm, seeing each firm in the context of the overall chain of value-creating activities of which it is only part

Cost Driver Analysis

Strategic Positioning

Value Chain Management

All of the above

Strategic cost management approaches do not vary according to the stage of the product life cycle

True

False

Business   Accounting   
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Answer #1

The value chain management has the focus is external to firm,seeing each firmin the context of the overall chain of value-creating activities .

Because value chain management is the group of all activities to attain the final product.It integrates information, materials, labor, facilities, logistics, etc. into a time-responsive, capacity-managed solution that maximizes financial resources and minimizes waste.

True, strategic Cost management approaches do not vary according to the stage of the product life cycle. Because cost remain same at all levels of product.

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