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What is the value chain

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Reference no: EM132542869

Point 1: ABC (or ABM; activity based management) is one of most popular costing and cost management technique (tool) that have been developed and implemented lately by industry leaders, as a new trend in cost management /managerial accounting.

Point 2: Theory of Constraints (TOC) is an other one as the love story business novel, "The Goal" book is based on. (some of you have decided to do the book review term paper as an optional extra-credit coursework).

Question 1: What is the value chain? Describe, in sequence, the main components of a manufacturer's value chain.

Question 2: What is ABC (activity-based costing), and what are its potential benefits?

Reference no: EM132542869

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