homage. n. 1. a public show of respect or honour towards someone or something (esp in the phrases pay or do homage to). 2. (Historical Terms) (in feudal society). a. the act of respect and allegiance made by a vassal to his lord. See also fealty.
Cost management is the process of planning and controlling the budget of a business.
In the just-in-time philosophy, an approach to level production throughout the supply chain to match the planned rate of end product sales. Hierarchy of Cost Assignability. In cost accounting, an approach to group activity costs at the level of an organization where they are incurred, or can be directly related to.