Activity-based management focuses on reducing costs and improving processes.

Question

Quizplus · Accepted Answer

Activity-based management (ABM) is a management approach that focuses on analyzing and improving business processes to enhance efficiency and reduce costs. It achieves this by identifying activities that add value and those that do not, and then optimizing or eliminating the non-value-adding activities. Hence, the statement "Activity-based management focuses on reducing costs and improving processes" is true.

Activity-Based Management Focuses on Reducing Costs and Improving Processes