APPLICATION OF TARGET COSTING METHOD IN HOSPITALITY INDUSTRY

Year 2020, , 1 - 7, 31.03.2020

Adnan Sevim

https://doi.org/10.29106/fesa.637039

Cited By: 1

Abstract

With
the development of technology, transportation possibilities have been
diversified and the communication network has expanded considerably. Service
companies that want to stand out in the global competition and provide better
quality service have also had to change their production and sales policies. In
hospitality indutry, which have an important place among service
businesses, maintaining customer satisfaction and providing higher quality
service has become one of the most important success factors. The
sustainability of the services provided and the sustainability of customer
satisfaction required cost management systems to be handled from a more modern perspective
and supported the cost reduction efforts of the enterprises. In this section,
the effect of target costing, which is one of the contemporary cost approaches,
on the hotel companies and their effects on pricing policies are examined and
practical issues are mentioned    

Keywords

Cost Management, Target Costing

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