What is a cost control system and what purpose does it, Financial Accounting

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What is a cost control system and what purpose does it

Cost Control System

What is a cost control system and what purpose does it serve in an organization? Why does a cost management system necessarily have both a short- and a long-term focus? In the present highly competitive environment, why has cost management risen to such a high level of concern, whereas price management has declined in importance?

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Financial Accounting: What is a cost control system and what purpose does it

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