1. What is target costing? At what life-cycle stage would our organization implement this tool? Explain how...
Question:
1. What is target costing? At what life-cycle stage would our organization implement this tool? Explain how it would be implemented in relation to our cost object and how it would benefit the organization
2. What is value engineering? At what life-cycle stage would our organization implement this tool? Explain how it would be implemented in relation to our cost object and how it would benefit the organization.
3. Provide ideas for tools your organization could use to innovate during the manufacturing stage of our cost object or in how we provide our service. Explain how these tools would be implemented in relation to your cost object.
4. How could our organization implement environmental management accounting to innovate processes during our cost object's life-cycle stages?
5. Explain how our organization could utilize activity-based costing to better understand our customers.
6. What strategies do you suggest that we implement to better manage our customer relationships, and how would we measure that they are working? 7. What strategic planning tools do you recommend to ensure these value recognition processes are implemented in our organization?