What is the term for the use of cost data to develop and identify superior strategies that will produce a sustainable competitive advantage?

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The term for the use of cost data to develop and identify superior strategies that will produce a sustainable competitive advantage is strategic cost management. Strategic decision making refers to the process of making decisions that will affect the long-term direction of a company. Competitive advantage is the ability of a company to outperform its competitors. Customer value refers to the perceived value of a product or service by the customer.

What Is the Term for the Use of Cost Data