Term Papers: How would you define the concepts cost effective and cost efficient for your organization?   Is cost effectiveness or cost efficiency more important for your organization?

Term Papers: How would you define the concepts cost effective and cost efficient for your organization?   Is cost effectiveness or cost efficiency more important for your organization?

Some organizations strive to be effective and others efficient.  

How would you define the concepts cost effective and cost efficient for your organization?

Is cost effectiveness or cost efficiency more important for your organization? Justify your response.

For your organization, identify two core strategies and the appropriate assumptions used to establish those strategies.

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