Selecting strategic options and formulating the plans
Write a short note on selecting strategic options and formulating the plans?
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The business will choose what emerges to be the best of courses of action or policies obtainable. Whenever making a selection, the implications of the selection for the mission and goals must be considered as, at times, they might need some adjustment. The policies chosen will offer the general manner forward however a plan will be needed to specify the specific activities which must be taken. This on the whole plan will generally be broken down into a sequence of plans, one for each and every element of the business.
Cost Accounting Practice: Any disclosed or recognized accounting process or technique that is used for the measurement of cost, assignment of cost to cost objects and assignment of cost to accounting periods.
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A function of measuring and assigning production costs to determine the unit cost. Actual revenue assigns the real cost of materials, labor, and overhead to ma
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