1.Differentiate cost avoidance, reduction, and control using the following sample matrix:

AreasAvoidanceReductionControl

Nature

Scope

Etc.

Note: You may indicate as many areas of differentiation as you can.

2.Give one example each of the following types of cost management (do not include what you will find in the internet):

a)those that strengthen the organization's competitive position

b)those that have no impact on the organization's position

c)those that weaken the organization's position

3.Explain the relevance of the elements for cost management assessment.