Which of the following best explains 'cost avoidance'?
A) The variance between the historical and the actual purchase price paid per unit.
B) The reduction on costs against planned costs.
C) The total purchasing budget savings.
D) The purchasing savings budget for each item.

Question

Which of the following best explains 'cost avoidance'? 
A) The variance between the historical and the actual purchase price paid per unit. 
B) The reduction on costs against planned costs. 
C) The total purchasing budget savings. 
D) The purchasing savings budget for each item.

Quizplus · Accepted Answer

The Answer of Which of the following best explains 'cost avoidance'? 
A) The variance between the historical and the actual purchase price paid per unit. 
B) The reduction on costs against planned costs. 
C) The total purchasing budget savings. 
D) The purchasing savings budget for each item.

Which of the Following Best Explains 'Cost Avoidance