Strategic Management Process
What is Strategic Management? Strategic management (Academic Term) or Strategic Planning (Business Term) is the art and science of formulating, implementing, and evaluating cross-functional decisions that enable an organization to achieve its objectives. As this definition implies, to achieve organizational…
Cost of Capital
What is the Cost of Capital? The expected return by the investors of the company, organization or firm if they have invested in any other securities with comparable degrees of risk. Capital Structure The firm’s mix of long term financing…
COST BEHAVIOR
Cost Behavior The level of costs incurred is affected by many components is called Cost Behavior. For instance, costs will be increased over time due to inflation. For many management tasks, such as areas of planning, decision-making, and controlling, this…
Cost and Management Accounting
Cost Accounting The Cost Accounting or Costing System is the foundation of the internal financial information system for managers in any organization. To plan and control all the activities of the organization and to make decisions about the future, management…
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