Evaluate the strategic options
Identify and evaluate the strategic options in brief?
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This includes attempting to recognize possible courses of action which will allow the business to reach its goals via employing its strengths to exploit the opportunities, at similar time ignoring exposing its weaknesses to threats. The weaknesses, strengths, opportunities and threats are of course, those recognized by the SWOT analysis.
Cost Avoidance: The action taken to decrease future costs, like replacing parts before they fail and cause harm to other portions. Cost avoidance might incur higher (or extra) costs in the short run however the final or life-cycle cost would be lower.
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Performance Measurement: A means of computing effectiveness, efficiency, and outcomes. A balanced performance measurement score-card comprises financial and non-financial measures focusing on the quality, cycle-time, and price. The performance measure
Traceability: The capability to assign a cost directly to a particular activity or cost object by identifying or observing particular resources used by the activity or cost object.
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Unit Cost: The cost of a chosen unit of a good or service. Illustrations comprise dollar cost perton, machine hour, labor hour, and department hour.
Three main elements of Partnership: A) Carrying on of a business: • A ‘business’ is any trade, occupation or pr
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