Finals in Strategic Cost Management

Answer the following questions. (5points each)

1. What is the purpose of a business owner why they costimating the cost of production?

2. Why time, location and size is important in cost estimation in starting a building or market in a
business?

3. What makes a successful strategy?

4. Differentiate strategy to tactics.

5. What is the role of strategy analysis?

6. The difference between the financial and non financial measures.

7. Choose one of the example of non financial measures and explain why it is important to measure.