Difference between revisions of "Activity-based management"
| Line 5: | Line 5: | ||
:[[Activity-based management]] ([[ABM]]). Method of management decision-making that uses activity-based costing information to improve customer satisfaction and profitability. | :[[Activity-based management]] ([[ABM]]). Method of management decision-making that uses activity-based costing information to improve customer satisfaction and profitability. | ||
According to [[Managerial Accounting by Braun, Tietz (5th edition)]], | According to [[Managerial Accounting by Braun, Tietz (5th edition)]], | ||
| − | + | :[[Activity-based management]] ([[ABM]]). Using activitybased cost information to make decisions that increase profits while satisfying customers' needs. | |
[[Category: Accounting]][[Category:Articles]] | [[Category: Accounting]][[Category:Articles]] | ||
Latest revision as of 15:24, 12 July 2020
Activity-based management (ABM) is method of management decision-making that uses activity-based costing information to improve customer satisfaction and profitability.
Definitions
According to Cost Accounting by Horngren, Datar, Rajan (14th edition),
- Activity-based management (ABM). Method of management decision-making that uses activity-based costing information to improve customer satisfaction and profitability.
According to Managerial Accounting by Braun, Tietz (5th edition),
- Activity-based management (ABM). Using activitybased cost information to make decisions that increase profits while satisfying customers' needs.
