Business Studies, asked by Sardaar9734, 1 year ago

Explain in detail scope of strategic cost management.

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Answered by SibghaGhouri
0

Strategic Cost Management or otherwise called as SCM is the cost management technique that aims at reducing costs while strengthening the position of the business. It is a process of combining the decision-making structure with the cost information, in order to reinforce the business strategy as a whole.

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