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Flashcards in P2 Deck (11):
1

Categories of cost driver

Product; batch; product sustaining; facility sustaining

2

Changes in environment

globalisation; technology; fast changing consumer tastes

3

Quality costs

Prevention; appraisal; internal failure; external failure

4

Competitive strategy

Low-cost; differentiation

5

Functional cost analysis

analysis of the relationship between product functions; their perceived value to the customer and the cost of their provision

6

Relevant cost

future; incremental; cash flow

7

Benchmarking

Internal; funcitonal; competitive; strategic

8

Balanced scorecard

Financial; customer; internal business process; innovation and learning

9

Transfer pricing approach

market price; cost based - full cost; standard cost; marginal cost (dual price or two-part tariff); opportunity cost; negotiated

10

Pricing options

Market driven optimum; cost based; marginal cost; relevant cost; full absorption; standard cost; market skimming; premium; penetration; loss leader; bundling; differentiation

11

Tpes of risk

fundamental risk; particular risk; pure risk; speculative risks