The Reality of Costs - A traditional measure of cost is expressed as the sum of fixed and variable costs. But that model is based on the assumption that all costs are either independent of production volumes or vary with respect to production volumes. The author argues that pricing should reflect the value that the product creates for the consumer rather than the company's need to recover costs.
Year of publication: |
2000
|
---|---|
Authors: | Yu-Lee, Reginald Tomas |
Published in: |
Industrial management : the magazine for better management in industry. - Norcross, Ga. : Institute of Industrial Engineers, ISSN 0019-8471, ZDB-ID 4108498. - Vol. 42.2000, 4, p. 29-33
|
Saved in:
Saved in favorites
Similar items by person
-
Essentials of capacity management
Yu-Lee, Reginald Tomas, (2002)
-
Explicit cost dynamics : an alternative to activity-based costing
Yu-Lee, Reginald Tomas, (2001)
-
Yu-Lee, Reginald Tomas, (2003)
- More ...