Day: February 19, 2021

WHAT IS TARGET COSTING?  Target costing involves setting a target cost by subtracting a desired profit margin from a competitive market price. To compete effectively, organisations must continually redesign their products (or services) in order to shorten product life cycles Read More …

FULL COST-PLUS PRICING In full cost-plus pricing the sales price is determined by calculating the full cost of the product and then adding a percentage mark-up for profit. The most important criticism of full cost-plus pricing is that it fails Read More …

DEMAND In the first sections of this chapter you will be learning about the many issues that need to be considered in decisions about the price which can be charged for a product or service. The first issues relate to Read More …

ACTIVITY BASED COSTING An alternative to absorption costing is activity based costing (ABC). ABC involves the identification of the factors (drivers) which cause the costs of an organisation’s major activities. Support overheads are charged to products on the basis of Read More …

Fair Information Practice Principles Generally Over the past quarter century, government agencies in the United States, Canada, and Europe have studied the manner in which entities collect and use personal information — their “information practices” — and the safeguards required Read More …

Introduction In the previous chapter we discussed building information systems. In this chapter looks at what is involved in managing an entire information system project to make sure a company realises the intended benefits from its investment. Management need to Read More …

Introduction Building new systems is about more than new hardware and software – it may also include changes to processes, jobs, skills, management and organisations. The objectives of this chapter are to: Describe the relationship between system development and organisational Read More …

Introduction The objectives of this chapter are to: Explain why computer systems are venerable to attack Explain why the internet and Wi-Fi networks are so difficult to secure. Describe the main threats to information systems. Describe the business value of Read More …

Introduction The objectives of this chapter are to: Identify important dimensions of knowledge Explain what is meant by knowledge management Describe three types of knowledge management systems; Enterprise knowledge management systems Knowledge work systems Intelligent systems and techniques Identify the Read More …

Introduction The growing trend in businesses is to integrate business functions to ensure seamless transfer of information between functions which will improve both the efficiency of the organisation and its ability to respond to change. Businesses are also integrated with Read More …