P2 Flashcards
Categories of cost driver
Product; batch; product sustaining; facility sustaining
Changes in environment
globalisation; technology; fast changing consumer tastes
Quality costs
Prevention; appraisal; internal failure; external failure
Competitive strategy
Low-cost; differentiation
Functional cost analysis
analysis of the relationship between product functions; their perceived value to the customer and the cost of their provision
Relevant cost
future; incremental; cash flow
Benchmarking
Internal; funcitonal; competitive; strategic
Balanced scorecard
Financial; customer; internal business process; innovation and learning
Transfer pricing approach
market price; cost based - full cost; standard cost; marginal cost (dual price or two-part tariff); opportunity cost; negotiated
Pricing options
Market driven optimum; cost based; marginal cost; relevant cost; full absorption; standard cost; market skimming; premium; penetration; loss leader; bundling; differentiation
Tpes of risk
fundamental risk; particular risk; pure risk; speculative risks
