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Using target cost in determining price

Author

Listed:
  • Aurelian Ionut CEAUSESCU

    (“Constantin Brâncuşi” University of Târgu Jiu)

  • Cecilia VADUVA

    (“Constantin Brâncuşi” University of Târgu Jiu)

Abstract

The target cost method was designed as a comprehensive set of tools for cost planning, cost management and cost control. This method is based on the idea that the selling price of a product is fixed at the market. Price does not therefore depend on cost. Target costing method is not only a method for calculating the costs, but also a method which uses modern management techniques on the study assessed the market value analysis, reducing the diversity of technology, manufacturing, partnership suppliers.

Suggested Citation

  • Aurelian Ionut CEAUSESCU & Cecilia VADUVA, 2010. "Using target cost in determining price," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 4, pages 160-167, December.
    • Handle: RePEc:cbu:jrnlec:y:2010:v:4.ii:p:160-167
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