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How would you describe a value added activity?

An activity is value-added to the extent that its performance contributes to the completion of the product or service for consumers.


How would you describe a non-value-added activity?

A non-value-added activity transforms a product or service in a way that adds no usefulness to the product or service.


How would you describe a value-added activity?

A value-added activity is any activity that enhances a product or service in the eyes of a customer, either by increasing its quality, performance, or features, or by reducing costs or time. These activities directly contribute to the end product and are essential for maintaining a competitive advantage in the marketplace.


How would you describe an activity dictionary?

An activity dictionary can be developed, listing and describing all activities within an organization, including information on each activity's location, performance measure(s), and key value-added and non-value-added attributes.


How would you describe a non value added activity?

activities such as, receiving, forming, assembling, testing, painting,and packing and shipping, do all sonsidered value-added activities


Cost allocation bases in activity-based costing should be a. cost drivers b. value-added activities c. activity centers d. processes?

C


Definition of Value-Added Activity?

A value added activity, simply put is any activity the customer would be happy to pay for. in a factory process its anything that transforms raw materials towards that of the final saleable product. In a service or office process its anything that develops, provides, improves or guarantees information or allows the service to be provided in a timely and cost effective manner


Value added and non value added activities in costing?

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.


What is value- added retailing?

what is value added retailing


Use value-added in a sentence?

value added benefit


What is meant by added value?

An amt added to the value of a product, equally


Full form the VAT?

Value Added Taxvalue added tariffVAT is the abbreviation for "Value added Tax"-------------------------------------- ------ ----------------------------------------------