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Definition of

ABC

Accounting abbr

calculating business's cost from cost of activities activity based costing: a method of calculating the cost of a business by focusing on the actual cost of activities, thereby producing an estimate of the cost of individual products or services. Activity based costing may be linked to activity based management, which links with other techniques such as benchmarking, performance management, process management, and reengineering. ABC analysis focuses directly on cost drivers rather than overheads per se.

Definitions of ’ABC’ and meaning of ’ABC’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’ABC’ and other financial terms with our online QFINANCE Financial Dictionary.

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