How to price using Target Costing
How to price using Target Costing is this week’s podcast theme. Do you want to reduce your costs by 25% to 30%?
If so, then target costing is the right choice for you. Above all How to price using Target Costing can help you cut costs without sacrificing quality.
The focus of Target Costing is reducing waste from the start of production. Don't wait until products are made. Moreover, this means that every step of the process is designed with cost-cutting in mind. You gain better prices and margins for your business.
Listen now to find out more about how Target Costing works!
Traditional costing is the most used method for pricing goods and services. The two methods share things in common but also have differences. You choose the method most appropriate for your target customers and product mix. Target costing has been around for many decades, much longer than cost-plus costing.
Target costing was developed by Toyota Motor Corporation to reduce costs while increasing quality of its products. It’s now widely used throughout many industries from automotive to consumer electronics.
Moreover, if interested in dealing with pricing, controlling costs this is explained here for you. You learn how it affects you, avoid confusion and overwhelm. Many businesses, start-up to established find themselves in the same situation. Wanting to know about How to price using Target Costing, more particularly taking steps to avoid it. This podcast will help.
Listen to find out more.
My mission is to inform, inspire and educate you to get closer to your numbers. You can make more profits, save tax and time, improve your well-being and your money mindset.
Help me to help you and others by subscribing and sharing this episode in your network. Listen now and subscribe to I Hate Numbers, so I can send it straight to your inbox every week with all the latest updates.