Business Studies, asked by nikhilsharma7533, 1 year ago

Define Activity based management. State it’s importance.

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Answered by SibghaGhouri

1

Activity-based management (ABM) is a systematic, integrated approach that describes management decisions that use activity-based costing information to satisfy customers and improve profitability. ... To reduce a product's cost, managers will likely have to change the activities the product consumes.

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