STRATEGIC COST MANAGEMENT

1. What are the factors influencing cost management. 2. Give one importance of the following in strategic cost management: (i) Business environment, (ii) Manufacturing technologies, (iii) Growth of Service industry, (iv) Customer orientation, (v) Advances in information technology. 3. As firms move to the Internet for sales and customer service, how do you expect their competitive strategies will change ? 4. What are some factors in the contemporary business environment that are causing changes in business firms and other organizations to use cost management information?