Question

Cost management of services__________.

a. includes demand management and supplier cost structure analysis.
b. is confined to internal demand analysis and consumption management.
c. is confined to supplier cost structure analysis.
d. focuses primarily on better design of the service.
e. is only possible when the service is highly tangible.

Answer 1

The correct option is A

a. includes demand management and supplier cost structure analysis.

Step-by-step explanation:

Cost management deals with managing the budgets of a businesse. In order to have an effective cost management process, the demand and supply cost structure must be analysed effectively. During cost management, goods that should be purchased should be strategic goods