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Regarding new trend and practice in managerial and cost

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Reference no: EM13583647

ABC,Balanced Scorecard, and Value Chain Analysis, are just a few popular examples among new trend in cost management/managerial accounting.

Regarding new trend and practice in managerial and cost accounting and cost management field, here is a three-part question for your thoughts and for our good class discussion:

  1. What is the value chain? Describe, in sequence, the main components of a manufacturer's value chain.
  2. Explain what is meant by %u201Cbalanced%u201D in the balanced scorecard approach.
  3. What is ABC, and what are its potential benefits.

Reference no: EM13583647

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