Cost management tools and techniques that may provide data for negotiations with internal organizational stakeholders and/or externally with suppliers include:
A)activity-based costing.
B)the learning curve.
C)total cost of ownership.
D)activity-based costing and total cost of ownership.
E)activity-based costing,the learning curve and total cost of ownership.

Question

Quizplus · Accepted Answer

Activity-based costing can provide a detailed breakdown of costs by activity, allowing for targeted negotiations with internal stakeholders or suppliers. The learning curve can inform negotiation strategies by identifying potential cost savings resulting from increased production efficiencies. Total cost of ownership considers costs beyond the purchase price, such as maintenance and disposal, providing a comprehensive view for negotiation purposes. Therefore, the use of all three tools (activity-based costing, the learning curve, and total cost of ownership) would offer the best data for negotiations with internal organizational stakeholders and/or externally with suppliers.

Cost Management Tools and Techniques That May Provide Data for Negotiations