Question

what are the strategies for balancing the cost​

Answer 1

Answer:

How to Balance Quality, Cost, and Schedule in Product Development

Know What You're Developing, and Why. ...

Requirements and Quality Assurance. ...

Staying on Schedule Requires Visibility and Tracking. ...

Avoid Rework by Defining, Agreeing, and then Developing. ...

Inform and Justify Decisions to Understand Impacts.

Explanation:

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Answer 2

A multiple numbers of strategies can be good for balancing the costs in any organization.

Explanation:

1. The best strategy for balancing the cost of any operation is to decide a specific budget for each operation. This would allow the person to plan their expenditure on each activity.
2. Another strategy for balancing the cost is to procure the raw material from local sources. This would cut the cost of the production process.
3. The cost can also be balanced by using better techniques of production. These techniques result in better produce and less wastage.