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Value added activities are necessary to remain in business. Nonvalue added activities are defined in your...

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Accounting

Value added activities are necessary to remain in business.Nonvalue added activities are defined in your text as “Allactivities other than those that are absolutely essential to remainin business.” Describe for the class some examples of value addedand nonvalue added activities that you observe in your workplace,or even your home or a business you frequent. What suggestions doyou have on how to reduce the time or money spent on nonvalue addedactivities?

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Value Added activities are those which add value to a business process or product and for which customer is willing to pay Value Added activities help in converting a product from a state of raw material to a finished product in the least possible time at minimum costs In simple terms value is something the customer is willing to    See Answer
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