STRATEGIC COST MANAGEMENT Definition

Bookmark and Share

STRATEGIC COST MANAGEMENT is the overall recognition of the cost relationships among the activities in the value chain, and the process of managing those cost relationships to a firm's advantage. Also known as Cost Management Theory.

Learn new Accounting Terms

LIEN is the right to take anothers property if an obligation is not discharged.

PLEDGE BOND see PLEDGED REVENUES.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.