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Before deciding if a strategic change is necessary or desirable,the past and present strategies used by the organization need to be clearly identified.
Hiring And Training Cost
Expenses related to recruiting new employees and providing them with the necessary skills and knowledge for their positions.
Regular Time Cost
The cost associated with normal working hours, including wages for employees and operational expenses incurred during standard business hours.
Over Time Cost
The additional expenses incurred when employees work beyond their regular hours, often including higher wage rates for overtime hours.
Marginal Subcontracting Cost
The additional cost incurred for each unit produced or service provided when a company resorts to subcontracting as opposed to in-house production.
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