Which of the following is not a component of strategic cost management?
A) Ratio analysis
B) Value chain analysis
C) Cost driver analysis
D) Strategic position analysis

Question

Quizplus · Accepted Answer

Ratio analysis is primarily a tool used in financial analysis to assess a company's performance and financial health by comparing various financial metrics, rather than a component of strategic cost management, which focuses on understanding and managing costs strategically to gain competitive advantage. Components like value chain analysis, cost driver analysis, and strategic position analysis are directly related to strategic cost management as they help in understanding, analyzing, and managing costs in a strategic context.

Which of the Following Is Not a Component of Strategic