Definition of "ABC"
  1. Activity based costing: an accounting method that identifies and assigns costs to specific activities, allowing for more accurate service delivery cost measurement
How to use "ABC" in a sentence
  1. Under the ABC method, the hospitality company was able to understand the true cost of its room cleaning service.
  2. ABC helped the manufacturing firm identify the costliest processes in its production line.
  3. The hospital used ABC to allocate resources more efficiently among its various departments.

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