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Doctors Medicines MCQs Q&A

  1. address management
  2. issue management
  3. strategic cost management
  4. managerial cost
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1 Answers

Answer: Option 3

Cost management technique which specially addresses strategic issues is classified as strategic cost management. Strategic cost management is the process of reducing total costs while improving the strategic position of a business. This goal can be accomplished by having a thorough understanding of which costs support a company's strategic position and which costs either weaken it or have no impact.

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