Business, Management and Accounting
8 years ago

Revolutionize cost management with ABC approach for efficient business operations!

Risk in Contemporary Economy
A STUDY ON THE ABC APPROACH IN COST MANAGEMENT PRACTICE
Violeta Isai, Riana Iren Radu, Camelia Ionescu

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The ABC approach in cost management identifies main activities in an organization to assign costs based on those activities. This helps companies improve efficiency and reduce costs without sacrificing quality for customers. The method aims to provide better information for strategic decisions and improve managerial policies. Process costing can be beneficial for service providers with high indirect costs.