How can activity based management and activity based costing (ABC) benefit an or

Question

How can activity based management and activity based costing (ABC) benefit an organization?
How does ABC differ from other allocation methods?
Describe the main characteristics of ABC.
What type of companies tends to benefit from ABC?
Comment on a company (research Internet) that has implemented ABC.
What type of company is it?
Was it successful?

Part II
The below concepts are all applied by many business in an attempt to be more efficient and reduce costs. Create a table describing at least three of the concepts below and how implementation may benefit an organization.

Lean manufacturing
Just-in-time
Theory of constraints
Total quality control
Value chain

2 to 4 pages

Explanation / Answer

activity based management and activity based costing (ABC) benfit an organisation by allocating efficient resources , by forecasting cash flows and by discounting it to know net present value. ABC differ from allocation methods as ABC considers discounting cash flows and anylising cash flows where as it see whether resources are allocated efficiently the company was success ful

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