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Budgeting


Activity-Based Planning (ABP)

Activity-based planning (ABP) is an ongoing process to determine activity and resource requirements (both financial and operational) based on the ongoing demand of products or services by specific customer needs. Resource requirements are compared to resources...

Activity-Based Management (ABM)

A discipline focusing on the management of activities within business processes as the route to continuously improve both the value received by customers and the profit earned in providing that value. ABM uses activity-based cost information and performance...

Activity-Based Budgeting (ABB)

Activity-Based Budgeting (ABB) is an approach to budgeting where a company uses an understanding of its activities and driver relationships to quantitatively estimate workload and resource requirements as part of an ongoing business plan. Budgets show the types,...

Markup

A markup is what percentage of the cost price do you add on to get the selling price. Markup is the difference between the cost of a good or service and its selling price. A markup is added on to the total cost incurred by the producer of a good or service in order to...