Question

As a Cost and Management Consultant in the banking industry in Ghana, one of your highly esteemed clients, a top tier banking institution in Ghana has required of you to advise them as to whether target costing can be applied to the banking industry . what are the products or services can target costing be applied.

Answer 1

ANSWER:

Cost and Management Consultant in the banking industry in Ghana:

Cost and management objective figure is a management skill with the foremost focus of loss cut to a besieged amount. Under end figure the management fundamental make your mind up the under attack advertising penalty and profit margin, afterward the stem the detriment to satisfy this under attack advertising rate and profit margin. altogether the events crucial to be acquainted with this embattled rate is at that time determined.

The key rationalize behind objective price is the competiotion in the market, advertising value is every time the marketplace assess and just approach out isto let fall the cost.

products or services targetting :

Target price be able to be functional to altogether sectors. accordingly it tin be functional to banking industriousness in Ghana as well. In banking sector affect figure be capable of be functional to lower asking price of if services. This canister be ready by optimum operation of line means like wages, ATM's, currency tellers, thanks awareness etc.

Target figure know how to be functional to largely demanded army like status cards, loans, ATM services, Internet banking etc. The pile must be skilled to get rid of the above army at similar speed in the market, but be supposed to bargain behavior to condense detriment to a goal quantity via criterion costing. For instance, internet banking gateways know how to be outsourced on a chief concentration to cut down costs, ATM's bottle be additional long-drawn-out with be neck and neck ups with by now administration banks etc.

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