Techniques to manage costs in the value chain include all of the following except:
A)Activity based management.
B)Target costing.
C)Process costing.
D)Total quality management.

Question

Quizplus · Accepted Answer

Process costing is not a technique to manage costs in the value chain, but rather a method of cost accounting used in manufacturing to allocate costs to specific production processes or departments. Activity based management, target costing, and total quality management are all techniques used to manage costs in the value chain, by focusing on reducing or optimizing costs at various stages of the value chain.

Techniques to Manage Costs in the Value Chain Include All