Question

distinguish between total cost concept and total system concept​

Answer 1

Answer:

1)the total cost concept recognizes that an optimum cost in one area or function may not lead to an optimum total system cost. 2)total cost analysis requires the management of supply chain trade offs. 2)total system concept.

Explanation:

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Answer 2

Total Cost Concept:

1) The total cost concept recognizes that an optimum cost in one area or function may not lead to an optimum total system cost.

2) Total cost analysis requires the management of supply chain trade offs.

Total System Concept:

1) The extension and complex materials flow activities within an outside of the firm must be considered in the context of their interaction.

2) Minimizing overall logistics costs by identifying activity based costs that impact after tax profits.

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