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Explain the components of bottom-up and top-down approaches to managing labor costs and decide which would be most important to use in either your current work environment or one with which you are familiar. Explain your reasoning.
In your response, imagine that managers will be part of the budgeting process and may, based on your business, amend, revise, or adopt new approaches to compensating, rewarding, and incentivizing the workforce.
What are the most critical factors that the manager needs to consider in his decision making and Based on the information given, what would be your recommendation if you were the manager
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What is a ABC, activity base costing analysis and What is the JIT, just in time impact on purchasing and supply chain
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