Cost Management System
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Define a cost management system and give its three purposes. Why is it important?
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The expert examines cost management systems.
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Dear student,
Define a cost management system and give its three purposes. Why is it important?
Definition of cost management system:
Cost management system is a method that is used to plan and control the decisions an organization makes regarding cost generating activities, in order to lower product cost and increase product value for customers.
Meaning of cost management system:
Cost management system is the system that identifies, monitors, and maintains continuous, detailed analyses of a company's activities and provides managers with timely measures of operating ...
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