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YMASA, LAILANE R.
BSACC 3 BLK. 1
ASSIGNMENT TO MODULE 1
CAE24 (Strategic Cost Management)

QUESTION:
Can you discuss further one of the advantages of Strategic Cost Management is to provide
a framework for decision making? Cite an example.

Strategic cost management can be used to assess cost data and implement various
approaches to attain long-term competitive advantage. It allows a company to obtain a better grasp
of its whole cost structure in order to gain a competitive advantage in the market. Product costing,
make or buy decisions, marketing channel decisions, product design decisions, and activity
analysis are all examples of strategic cost management, which can be applied to product costing,
make or buy decisions, marketing channel decisions, product design decisions, and activity
analysis