Question

The approaches and activities of managers in short-run and long-run planning and control decisions that increase value for customers and lower costs of products and services are known as: a. value chain management b. enterprise resource planning c. cost management d. customer value management

Answer 1

C. Cost management

Step-by-step explanation:

Cost management is a process or method of reducing cost of operation or production expenses of the business so as to provide cheaper goods and/or services to consumers.

It helps a firm forecast future expenditures in other to achieve their budgeting goals.