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Stratagic Cost-Activity 1
Stratagic Cost-Activity 1
Stratagic Cost-Activity 1
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` QUALITY MANAGEMENT SYSTEM
ASSESSMENT
Activity No. 1
Midterm
NAME:_____________________ DATE:__________________
Please answer these questions to test your learning from our lesson
1. What is the importance of Strategic Cost Management for firms?
2. Differentiate the aspects of Cost Leadership and Product Differentiation.
3. What are the Financial Benefits of Just in Time Management (JIT)?
4. What are the major characteristics of a Total Quality Management?
5. Please enumerate and explain the most commonly use tools that managers
practice to implement the firms broad strategy and to facilitate the achievement
of success on critical success factors.