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BNET Business Dictionary
- Costing
- the determination of the total cost of a product, from the purchase of raw materials to delivery to the consumer. There are a large number of costing techniques, including life-cycle...
- Costing definition on BNET »
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- Fighting Low-Cost Competitors
- Are your rivals slashing prices to capture market share? Learn the right way to keep them at bay — without destroying your profit margins.It's every executive's worst nightmare: You wake up one day to find that a competitor is selling a product much like yours at a much lower price....
- Articles 2008-02-19
- Four Higher-Price Champions
- The best way to win a pricing war is to avoid the fight entirely. These products do battle in tough markets, but they generate profits without competing on the basis of price. The Champion: Apple...
- Articles 2007-06-14
- How to Beat a Lower-Priced Competitor
- It's every company's nightmare: a competitor enters your market with a similar product priced at a fraction of what you currently charge. You need a strategy for beating the low-ballers. So what's the best way to proceed? On the one hand, all you need to do is...
- Articles 2007-06-14
- The Gurus of Pricing Strategy
- Need advice on how to fend off a low-cost rival? These books are good places to start. Philip Kotler His Book:Lateral Marketing (Wiley, 2003) His Strategy:Create a highly recognizable brand name. Works Best For:Large traditional companies in established markets. Less Effective...
- Articles 2007-06-14
- The Wisdom of Price-War Veterans
- What does it take to win against the low-ballers? We asked executives from two highly competitive markets — general interest magazines and consumer electronics — how they get customers to pay more. People Magazine (Time Inc.) Rivals: : In Touch, Us Weekly, Star, National...
- Articles 2007-06-14
Additional Resources
- Hayashi Construction, Inc.: a Business Method of Accounting Using Absorption Costing, Including a Method of Drawing a Break-Even Chart Was Admitted as a Patent by the USPTO
- SAKATA, Japan -- Hayashi Construction, Inc. was awarded a U.S. patent for an invention entitled "Accounting System for Absorption Costing." Absorption costing is an accounting system generally and widely used in making an external income statement. Representative absorption costing is standard costing under absorption costing. Costing relative to the absorption...
- Research articles 2008-06-11
- STRATEGIC COST MANAGEMENT: An Activity-Based Costing Approach
- This article discusses activitybased costing ABC as a strategic costing technique with the objective of demonstrating what makes it a superior costing technique in comparison to the traditional costing techniques. The article then discusses what really makes ABC a strategic costing technique. In doing this, the article highlights the significance...
- Research articles 2007-07-01
- Understanding Activity Based Costing
- Activity based costing ABC is an accounting technique that aims to clarify exactly how and where a company makes its profit.ABC assigns costs to all the resources needed to carry out a particular business activity. It also accounts for indirect ("soft") operating costs. The result is a fuller financial picture...
- Articles 2007-07-16
- Best Practices in Target Costing
- This article is about the examined ways in which target costing has been applied in a variety of industries, the level of success and measurable improvements achieved, and the factors that influenced the success of these applications. The study began with a survey to collect information about target costing...
- White papers 2003-01-01
- Relevance added: Combining ABC with German cost accounting: activity-based costing is better for long-term decision making while a leading German cost accounting method supports short-term decisions more effectively
- Are you familiar with Grenzplankostenrechnung? Translated from German, it roughly means "flexible margin costing." Flexible margin costing, or GPK, is a time-tested cost accounting system used by many companies in German-speaking countries. GPK is about marginal costing instead of full costing, short-term decision support instead of long-term, and cost...
- Research articles 2005-06-01
- Right on the Money: Implementation of Target Costing
- Companies that are feeling the profit pinch from competition are taking a hard look at target costing - designing a product to meet a specific cost objective. But achieving the magic number requires patience, commitment and a lot of effort. For companies that feel the profit pinch and believe target...
- White papers 1999-10-01
- Activity Based Costing (ABC)
- Activity Based Costing ABC is a costing methodology that views the entire organization as a collection of distinct activities. These activities form the basis of computing the costs. ABC refines costing systems by focusing on individual activities as the fundamental cost object. It assigns costs to cost objects based on...
- Presentations 2004-02-16
- ABC basics.(activity-based costing)
- Adopting activity-based costing ABC can bring wider benefits to a company, and often product costing is not the main benefit which results from introducing activity-based management. ABC concentrates on analysing overhead costs within a business, and itAdopting activity-based costing ABC can bring wider benefits to a company, and often product...
- Research articles 1996-06-01
- ABC is a firm favourite with high street banks. (activity based costing becomes popular in UK banking sector)
- Activity based costing ABC has become popular in the UK banking sector and is seen as more useful than standard costing since the financial services industry uses employees, equipment and office space. ABC has tended to be introduced by finance departmeActivity based costing ABC has become popular in the UK...
- Research articles 1995-01-01
- Rolling lab operations costing insurers billions.
- Rolling Lab Operations Costing Insurers Billions Unknowingly, thousands of consumers are victimized by fraudulent medical schemes costing billions of dollars each year. One of the most prolific is the so-called "rolling lab" operations -Rolling Lab Operations Costing Insurers Billions ...
- Research articles 1991-01-07
- ATTRIBUTE BASED COSTING for decision making.(includes related article on business travel costs)
- Activity-based accounting ABC needs to be used in conjunction with target costing, attribute analysis, and contribution analysis. Attribute based costing ABCII offers a system to improve organizational efficiency and effectiveness by integrating ABC wActivity-based accounting ABC needs to be used in conjunction with target costing, attribute analysis, and contribution analysis....
- Research articles 1999-06-01
- ACTIVITY BASED COSTING: lessons learned implementing ABC.
- Strategies used in the process of implementing activity-based costing ABC at corporate level and the benefits of this costing system for corporate operations are discussed. Top management 's use of strategies such as value-added analysis and bottleneck Strategies used in the process of implementing activity-based costing ABC at corporate level...
- Research articles 1999-05-01
- Activity-Based Costing and Predatory Pricing
- The article emphasises on activity based costing ABC. The assignment of indirect costs in a traditional costing system can lead to product-cost subsidization. This is where excessive costs are charged to high-volume products and insufficient costs are charged to low-volume products. The result can lead to increased consumer demand for...
- White papers 2003-01-01
- The A to Z of ABC Dictionaries: Activity Based Costing
- Activity-based costing initiatives can easily go awry if everyone isn't using commonly understood terms. But creating a reference guide requires arriving at a consensus on what each definition should be. The paper says that language of business is imprecise. What one company defines as gross revenues another may call gross...
- White papers 1999-12-01
- Activity Based Costing at UPS
- This article mainly discusses a case of UPS who adopted Activity Based Costing. Activity Based Costing at UPS is a cross functional discipline requiring an understanding of work activities. Its focus is to identify the key activities within a function or process, measure the cost associated with the activities and...
- White papers 2003-01-01
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