Determining What Activities Add Customer Value Is an Example of What

question 48

Multiple Choice

Determining what activities add customer value is an example of what facet of activity-based management?

• A)increase effective coordination among business function activities
• B)reduce costs of non-value-added activities
• C)improve selection of process activities to enhance profit
• D)match the company's use of resources to customer demand
• E)achieve planned growth

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Definitions:

Joint Activity

A collaborative effort or project involving two or more parties working together towards a common goal.

Partnership

A legitimate business structure where multiple individuals participate in managing the operation and sharing its earnings.

Sold His Share

The act of transferring one's ownership interest in a company or partnership to another party.

Partnership

An authorized type of business collaboration where partners share both the management duties and the financial gains.