Activity Sequence-Sensitive

Posted in Finance, Accounting and Economics Terms, Total Reads: 247
Advertisements

Definition: Activity Sequence-Sensitive

There are various activities in the different areas of business (finance, Production, Marketing, HR). Sometimes, these activities are sequence sensitive. It means that the overall cost of series of activities can be reduced if it is followed in a particular fashion. The cost of each activity is based on time-based processes.

The sequence of activities is determined based on amount of time. The sequence of activities may be dependent (output of one activity is input of another) or independent of each other.

Example

A process may involve different steps. The steps can have different costs and times. The orders can be adjusted to manage costs.


Advertisements



Looking for Similar Definitions & Concepts, Search Business Concepts