Houston Community College: Southeast Campus
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notes on first day of class, chapter 1.
Cost management has moved from a traditional role of product costing and operational control 
to a broader strategic focus, which places an emphasis on: Strategic thinking. 
In the current business environment, companies cannot survive without a long-term strategy. 
What exactly should an effective strategy include? 
A clear, concise mission statement, naming every product and outlining the company's 
long-term goals of success. 
Which of the following most accurately describes what is included...
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