The approaches and activities of managers in short-run and long-run planning and control decisions that increase value for customers and lower costs of products and services are known as ________.
A) value chain management
B) enterprise resource planning
C) cost management
D) customer value management

Question

Quizplus · Accepted Answer

Cost management involves planning and controlling decisions that aim to increase customer value and reduce costs, aligning with both short-run and long-run objectives.

The Approaches and Activities of Managers in Short-Run and Long-Run