Does anyone know the answer?
colleges appreciate the value of it. (APEX) :)
Value-added activities are tasks that directly contribute to the creation of a product or service, while non-value-added activities do not add any value and are considered wasteful. By identifying and eliminating non-value-added activities, a business can streamline its processes, reduce costs, and improve efficiency. This can lead to increased productivity, faster delivery times, and ultimately higher profitability for the business.
activities such as, receiving, forming, assembling, testing, painting,and packing and shipping, do all sonsidered value-added activities
consumption of fixed capital
non value adding activities can not be eliminated. Waste are non-value adding activities that should be eliminated.
Extract, extracurricular, extradition and extraordinary are words. They begin with the prefix extra.
12
Value-added activities in a business process are those that directly contribute to the creation of a product or service that customers are willing to pay for. Examples include designing a product, assembling components, and providing customer service. Non-value-added activities, on the other hand, do not add value to the final product or service and should be minimized or eliminated. Examples include waiting time, unnecessary paperwork, and rework due to errors.
Value-added activities are those that enhance a product or service, contributing directly to customer satisfaction and increasing the product's value, such as manufacturing or quality control processes. Non-value-added activities do not enhance the product or service and often lead to waste, such as excessive waiting times, unnecessary handling, or redundant processes. In costing, identifying these activities helps organizations streamline operations, reduce costs, and improve efficiency by focusing resources on value-added tasks. Ultimately, this distinction aids in better financial decision-making and operational effectiveness.
CD-ROM
It should be deducted from operating activities and should be included in investing activities as dealing with assets is a part of investing activities.
vesalius