Considerations Concerning the Application of Target Costing Method in the Industry of Dairy Products

Mortură Laura Alexandra ()
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Mortură Laura Alexandra: “1 December 1918†University of Alba Iulia, România

Ovidius University Annals, Economic Sciences Series, 2017, vol. XVII, issue 1, 545-550

Abstract: In the present conditions of the market economy, which is in full process of globalization, theadaptation of the more complex and diverse needs of the final consumers, leads to a permanentcreation and development of new products and services by the entities in order to satisfy theseneeds. Thus, the entities must apply efficient and tested methods for determining and provisioningthe costs which will result from launching new products on the market, methods which wouldsupport and ensure the best quality – price report, and which are to reduce the production costs upto a level of not affecting the quality of the final product. Such a method, according to specialtyliterature is the modern method of Target Costing.

Keywords: target costing method; target cost; selling target price (search for similar items in EconPapers)
JEL-codes: M (search for similar items in EconPapers)
Date: 2017
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