Review

APPLICATION OF TARGET COSTING METHOD IN HOSPITALITY INDUSTRY

Volume: 5 Number: 1 March 31, 2020
Research of Financial Economic and Social Studies Cover
Research of Financial Economic and Social Studies
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APPLICATION OF TARGET COSTING METHOD IN HOSPITALITY INDUSTRY

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

References

  1. Referans 1: Ansari, S.L., Swenson, D., and Bell, J. (1997). Target Costing Core Group, Target Costing: The Next Frontier in Strategic Cost Management. USA: Mac Graw-Hill Inc.
  2. Referans 2:, G. J., and Indounas, K. A. (2006), “Pricing Practices of Service Organizations”, The Journal of Services Marketing, 20(5), pp. 346-356.Cadez, S. and Guilding C. (2008). An Exploratory Investigation of an Integrated Contingency Model of Strategic Management Accounting. Accounting, Organizations and Society. 33(7-8): 836-863.
  3. Referans 3: R., and Slagmuder, R (2002). Target Costing From New Product Development: Product Level Target Costing. Journal of Cost Management, 16(4).
  4. Referans 4: R., and Slagmulder, R. (1997). Target Costing and Value Engineering. Portland, Oregon, Productivity Press.
  5. Referans 5: R. and Ernst C. (1999).Target Costing, Coordination and Strategic Cost Management.European Accounting Review 8(1): 23-49.
  6. Referans 6: P., Yook, K-H.and Kim Il W. (2004) “Japanese Target Costing: A Historical Perspective” International Journal of Strategic Cost Management. (Spring 2004) : 10-19.
  7. Referans 7: T. P., Neto, F. K., and Duffey, M. R. (2009). Target Costing Operationalization During Product Development : Model And Application. Int. J.ProductionEconomics118 , 398-409.
  8. Referans 7: F.M., and El-Dalabeeh, A.R.K (2016). The Role of Target Costing in Reducing Costs and Developing Products in The Jordanian Public. International Journal Of Academic Research In Accounting, Finance And Management Sciences, 6(4), 301-312.

Details

Primary Language

English

Subjects

Business Administration

Journal Section

Review

Authors

Publication Date

March 31, 2020

Submission Date

October 23, 2019

Acceptance Date

February 18, 2020

Published in Issue

Year 2020 Volume: 5 Number: 1

DOI

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

IZ

https://izlik.org/JA95FY39GT

Cite

RIS / Bibtex
APA
Sevim, A. (2020). APPLICATION OF TARGET COSTING METHOD IN HOSPITALITY INDUSTRY. Finans Ekonomi Ve Sosyal Araştırmalar Dergisi, 5(1), 1-7. https://doi.org/10.29106/fesa.637039
AMA
1.Sevim A. APPLICATION OF TARGET COSTING METHOD IN HOSPITALITY INDUSTRY. Finans Ekonomi ve Sosyal Araştırmalar Dergisi. 2020;5(1):1-7. doi:10.29106/fesa.637039
Chicago
Sevim, Adnan. 2020. “APPLICATION OF TARGET COSTING METHOD IN HOSPITALITY INDUSTRY”. Finans Ekonomi Ve Sosyal Araştırmalar Dergisi 5 (1): 1-7. https://doi.org/10.29106/fesa.637039.
EndNote
Sevim A (March 1, 2020) APPLICATION OF TARGET COSTING METHOD IN HOSPITALITY INDUSTRY. Finans Ekonomi ve Sosyal Araştırmalar Dergisi 5 1 1–7.
IEEE
[1]A. Sevim, “APPLICATION OF TARGET COSTING METHOD IN HOSPITALITY INDUSTRY”, Finans Ekonomi ve Sosyal Araştırmalar Dergisi, vol. 5, no. 1, pp. 1–7, Mar. 2020, doi: 10.29106/fesa.637039.
ISNAD
Sevim, Adnan. “APPLICATION OF TARGET COSTING METHOD IN HOSPITALITY INDUSTRY”. Finans Ekonomi ve Sosyal Araştırmalar Dergisi 5/1 (March 1, 2020): 1-7. https://doi.org/10.29106/fesa.637039.
JAMA
1.Sevim A. APPLICATION OF TARGET COSTING METHOD IN HOSPITALITY INDUSTRY. Finans Ekonomi ve Sosyal Araştırmalar Dergisi. 2020;5:1–7.
MLA
Sevim, Adnan. “APPLICATION OF TARGET COSTING METHOD IN HOSPITALITY INDUSTRY”. Finans Ekonomi Ve Sosyal Araştırmalar Dergisi, vol. 5, no. 1, Mar. 2020, pp. 1-7, doi:10.29106/fesa.637039.
Vancouver
1.Adnan Sevim. APPLICATION OF TARGET COSTING METHOD IN HOSPITALITY INDUSTRY. Finans Ekonomi ve Sosyal Araştırmalar Dergisi. 2020 Mar. 1;5(1):1-7. doi:10.29106/fesa.637039

Cited By

KONAKLAMA İŞLETMELERİNDE HEDEF MALİYETLEME YÖNTEMİ ÜZERİNE BİR ARAŞTIRMA

Muhasebe Bilim Dünyası Dergisi

https://doi.org/10.31460/mbdd.981047