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(a) Explain briey the three main elements of strategic costs management. [6 marks] (b) What are the major characteristics of modern businesses that necessitate the

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(a) Explain briey the three main elements of strategic costs management. [6 marks] (b) What are the major characteristics of modern businesses that necessitate the introduction of a strategic cost management system? [6 marks] (c) What is supply chain analysis and how can it benet manufacturers and retailers? [4 marks]

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