Activity-based management reduces customer response time by identifying the activities that consume the most resources and making them more efficient,and by identifying __________ activities,which the firm can eliminate.

Question

Quizplus · Accepted Answer

Activity-based management helps in identifying non-value-added activities, which do not contribute to the final product or service and can be eliminated to reduce costs and improve efficiency. Identifying value-added activities is important, but their optimization is not the primary focus of activity-based management. Inefficient or ineffective activities may also be identified, but they may not necessarily be eliminated, as they could still be necessary for the overall operation of the business.

Activity-Based Management Reduces Customer Response Time by Identifying the Activities