Cost management technique which specially addresses strategic issues is classified as

A. address management

B. issue management

C. strategic cost management

D. managerial cost

Answer: Option C

Solution(By Examveda Team)

Cost management technique which specially addresses strategic issues is classified as strategic cost management. Strategic cost management is the process of reducing total costs while improving the strategic position of a business. This goal can be accomplished by having a thorough understanding of which costs support a company's strategic position and which costs either weaken it or have no impact.