ACCT 545 Strategic Cost Management
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Strategic cost management, as per the course ACCT 545 Strategic Cost Management, is the process of decreasing total costs while upgrading the strategic position of a business. This aim can be achieved by having a proper understanding of which costs supports an organization strategic position.
Following are the three themes as a part of strategic cost management under course ACCT 545 Strategic Cost Management:
- Value chain analysis.
- Strategic positioning analysis.
- Cost driver analysis.
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