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Assignment 1: Activity-based Costing (ABC) in Service Industries

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Running head: ACTIVITY BASED COSTING 1
ACTIVITY BASED COSTING
NAME:
COURSE:
COLLEGE:
TUTOR:

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ACTIVITY BASED COSTING 2
DATE: Research a U.S. company in the service industry with e-commerce activities.
The American Express Company which is also known as AmEx is one of the greatest
multinational financial services corporations that is based at Three World Financial center
Manhattan, New York, United State. The company was founded in 1850 as one of the 30
components of the Dow Jones Industrial Average (Plunkett, 2007). The company originally
begun as an express mail business that was located in Buffalo, New York during the year 1850.
AmEx is famous for its charge card, credit card and travelers cheque businesses. The
AmEx cards accumulate to roughly 25% of the total dollar volume of the credit card transactions
in the United States. The company was ranked as the 22
nd
most valuable brand internationally by
Interbrand and Businessweek. The company’s logo was adopted in the year 1958, which is a
centurion who image is seen on all the company’s charge cards, credit cards and travelers’
cheques.
American express company has successfully integrated with several E-commerce
activities that have greatly improved its performance. Currently, the company has designed a
payment gateway. The payment gateway allows or rather enhances the easy integration with
most of the company’s shopping carts and payment types. The Payment Gateway is designed to
simplify the integration with most sites for developers which are properly equipped with a team
of able and available affiliates to assist users with any technical issues (Plunkett, 2007).
Discuss how a time driven ABC cost system can be implemented in the company you
researched and the benefits that the use will yield to the business performance.
It is always very difficult for many organizations to implement the traditional Activity
based costing successfully due to the high cost and expenses that are incurred while

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ACTIVITY BASED COSTINGNAME:COURSE:COLLEGE:TUTOR:DATE: Research a U.S. company in the service industry with e-commerce activities.The American Express Company which is also known as AmEx is one of the greatest multinational financial services corporations that is based at Three World Financial center Manhattan, New York, United State. The company was founded in 1850 as one of the 30 components of the Dow Jones Industrial Average (Plunkett, 2007). The company originally begun as an express mail business that was located in Buffalo, New York during the year 1850.AmEx is famous for its charge card, credit card and traveler's cheque businesses. The AmEx cards accumulate to roughly 25% of the total dollar volume of the credit card transactions in the United States. The company was ranked as the 22nd most valuable brand internationally by Interbrand and Businessweek. The company's logo was adopted in the year 1958, which is a centurion who image is seen on all the company's charge cards, credit cards and travelers' cheques.American express company has successfully integrated with several E-commerce activities that have greatly improved its performance. Currently, the company has designed a payment gateway. The payment gateway allows or rather enhances the easy integration with most of the company's shopping carts and payment types. The Payment Gateway is designed to simplify the integration with most sites for developers which are properly equipped with a team of able a ...
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