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An approach in which managers use resources to increase customer value is classified as

A. help management

B. cost management

C. past management

D. future management

Answer: Option B

Solution (By Examveda Team)

An approach in which managers use resources to increase customer value is classified as cost management. Cost management is the process of planning and controlling the budget of a business. Cost management is a form of management accounting that allows a business to predict impending expenditures to help reduce the chance of going over budget.

This Question Belongs to Management >> Management Accounting

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