The Target Costing Approach

Released on by Hendrik Vedder
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  • The Target Costing Approach Book Detail

  • Author : Hendrik Vedder
  • Release Date : 2008-12
  • Publisher : GRIN Verlag
  • Genre : Business & Economics
  • Pages : 42
  • ISBN 13 : 3640230361
  • File Size : 99,99 MB
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The Target Costing Approach by Hendrik Vedder PDF Summary

Book Description: Essay from the year 2007 in the subject Business economics - Controlling, grade: 1,3, European Business School - International University Schlo Reichartshausen Oestrich-Winkel, course: Vertiefung Controlling, 8 entries in the bibliography, language: English, abstract: Contemporary times are characterized by quick, dynamic, and continuing changes in the economy. Therefore, companies have to adapt flexibly and innovatively to these changes in order to stay competitive and cope with the increasing pressure of competition. In particular, Asian and East-European competitors gain market share by offering products of better quality than in earlier times and for lower costs. Under these conditions, costs represent a fundamental factor for the success of western companies. Accordingly, management and employees have to fully exploit the potential that cost management and reduction measures offer. However, costs are not the only buying decision criterion. Customers expect products with high quality but for a low or moderate price. Correspondingly, companies have to adjust their new product developments and production systems to market requirements. This can be achieved by the Target Costing approach, a tool that is applied in more and more companies. Therefore, the aim of this essay is to explain the goals and method of Target Costing. It starts with giving some background information about Target Costing and its historical development. Chapter three describes the goals of Target Costing. Then, the Target Costing process is explained in detail. Finally, this essay concludes by discussing that Target Costing is an effective cost management tool for developing new products according to market requirements. ...]

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The Target Costing Approach

The Target Costing Approach

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Essay from the year 2007 in the subject Business economics - Controlling, grade: 1,3, European Business School - International University Schlo Reichartshausen

Target Costing

Target Costing

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"Target Costing is an essential tool for companies striving to achieve and maintain a position of true cost competitiveness."--Back cover.

The Target Costing Approach

The Target Costing Approach

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Essay from the year 2007 in the subject Business economics - Controlling, grade: 1,3, European Business School - International University Schloß Reichartshause

Target Costing and Value Engineering

Target Costing and Value Engineering

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What would happen if everyone in your company followed a disciplined approach to cost reduction? Go ahead -- imagine it. What would it look like? How can it be

Target Costing

Target Costing

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Compiling practical recommendations gleaned from more than 20 years of professional experience, Target Costing: Market Driven Product Design provides numerous e