Basics Fixed costs Activ. Based Costing Target Cost. Life-Cycle Costing Cost Benchmarking Prof. Dr. P. Weber-Dreßler Stategic Costing.ppt (p. 1) Strategic Costing Strategic Costing Basics Contents Fixed costs Part 1: Basics to strategic costing 1. Traditional costing vs. strategic costing 2. Specifics of strategic costing 3. Tools of strategic costing Activ. Based Costing Target Cost. Life-Cycle Costing Cost Benchmarking Prof. Dr. P. Weber-Dreßler Stategic
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2.3. IKEA Mission: The mission is to offer a wide range of home furnishing items of good design and function‚ excellent quality and durability‚ at prices so low that the majority of people can afford to buy them (IKEA 1994). The company targets the customer who is looking for value and is willing to do a little bit of work serving them-selves‚ transporting the items home and assembling the furniture for a better price. The typical Ikea customer is young low to middle income family. 2
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characteristics are as follows: Gender: The car is for the family‚ so gender is immaterial here. But generally‚ the male person of the house is the influencer and the decider of the purchase‚ thus the Ad has to be made considering him as the target market Age: 25-40 years Income: Rs. 3- 5 Lakhs per annum for the family Education: Graduate Occupation: Lower level Executive in any organisation Social class: middle class‚ upper middle class Geography : Tier 1‚ 2 and 3 cities in
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MARKET POSITION The competition is divided between quality photographers and digital photo studios. Our service and photo quality is high compared to other quality professional photographers. Our rates are comparable to theirs‚ but we add value through personal contact and easy dissemination of digital images. UNIQUE SELLING POSITION Technology Our innovative approach makes the most of consumers’ fascination with the latest digital imagery. By playing to this market trend‚ we gain
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Elements of the Personal Selling Process No 2 salespersons use exactly the same sales method‚ but it is generally a seven step process: 1. Prospecting and Evaluating Seek names of prospects through sales records‚ referrals etc.‚ also responses to advertisements. Need to evaluate if the person is able (Undergraduate degree to attend a graduate program)‚ willing and authorized to buy. Blind prospecting-rely on phone directory etc. 2. Preapproach (Preparing) Review key decision makers esp. for
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Target’s REDCard Executive Summary: With Target being the second largest retailer‚ the hopes and dreams of being number one are not out of reach. By increasing the volume of existing and new customers and by adding value‚ Target will be able to see more loyalty from their guests. We wanted to develop a long term strategy that would attract new customers as well as retain and strengthen the already well established competitive advantage. The REDcard‚ with its current benefits‚ stands
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Technology industry where many players are expanding and investing in our region to cater the demand and satisfy the market needs across all sectors due to the new initiatives announced by Dubai leaders such as smart government and smart city directions. Being in Dubai market focusing on the government sector for the last 7 years‚ GBM’s model is not utilizing the Internet as a direct selling channel to its customers. Beside using the internet as a traditional internal collaboration system‚ such as the
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Description 1: Joe’s Brick Ovens in the Portland‚ OR area provides you with affordable brick ovens and wood stoves. Description 2: Joe’s Brick Ovens offers you high quality custom made wood and brick ovens in the Portland‚ OR area. Description 3: Joe’s Brick Ovens in Portland‚ OR has the best residential and commercial hand made ovens in the area. HOMEPAGE “Home” Meta Description: Call Joe’s Brick Ovens to get efficient service from a brick oven manufacturer. Joe’s Brick Ovens the Portland‚ OR area
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University of Phoenix MKT 463 Targeting and Positioning the iPod There are many factors to consider when marketing a new or existing product. Segmentation‚ targeting‚ and positioning are important when identifying the specific target market‚ examining the role that consumer behavior plays when applying basic marketing concepts‚ and examining the impact of purchase trends on consumer behavior. Internal and external influences on consumer behavior are all factors that must be considered
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Statements on Management Accounting STRATEGIC COST MANAGEMENT TITLE Implementing Target Costing CREDITS Implementing Target Costing was approved for issuance as a Statement on Management Accounting by the Management Accounting Committee (MAC) of the Institute of Management Accountants (IMA® IMA ). extends appreciation to the Society of Management Accountants of Canada (SMAC) for its collaboration in creating this SMA and to Robert A. Howell‚ Ph.D.‚ president of Howell Management
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