Cost management not only helps reduce costs but also improve customer satisfaction and the quality of a firm's products.

Name: Cost management not only helps reduce costs but also improve customer satisfaction and the quality of a firm's products.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Cost management can help a firm identify and eliminate unnecessary expenses, which can lead to lower prices for customers and increase their satisfaction. It can also help the firm allocate resources more efficiently, resulting in higher quality products.

Cost Management Not Only Helps Reduce Costs but Also Improve