(Answered) 1 what is the main difference between activity-based

Management Studies

1. What is the main difference between activity-based costing and the theory of constraints? When is it appropriate to use each one?

2. For what types of firms is the theory of constraints analysis most appropriate and why?

3. For what types of firms is target costing most appropriate and why?

4. For what types of firms is life-cycle costing most appropriate and why?

5. Explain the difference in intended application between strategic pricing and life-cycle costing.

6. How is Takt time calculated and what is it used for?

7. Distinguish pricing based on the cost life cycle and pricing based on the sales life cycle and give an example method for each.

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