(PDF) The Role of Management Accounting

   

Added on  2021-05-30

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Running head: MANAGEMENT ACCOUNTINGManagement AccountingName of the universityStudent IDAuthor note
(PDF) The Role of Management Accounting_1
MANAGEMENT ACCOUNTING1Perceived cost is the benefits a client attributes to an item or administration of thesame. Usually, clients are unconscious of the factors that are engaged with valuing an item orservice for example, the real or evaluated expenses of creation. Clients depend on thepassionate interest of the item or benefit and their assessment of the advantages they trustthey will get. It is the degree to which an individual trusts that utilizing a technologywillcostmoney (Such, et al., 2016). A person's perception of cost. This is an optional trait asit is the way the shopper considers value in respect to his or her disposable income that isessential The idea of perceived cost as utilized as a part of transport economics is described isdepicted. Three reasons for mistakenly apparent cost are examined in the light of customaryfinancial hypothesis. The idea of customers' overheads is acquainted with clarify howexpenses might be efficiently misperceived, and is consolidated into an adjusted hypothesisof buyer conduct. The inconvenience of apparent expenses are as per the following: 1) Problem in measuring the value: If the product is in high demand, there must be anconsideration that the pricing is made on the basis of the value it provides (Côté, et al., 2015).Even though the measurement procedure “value” is hard. As there exists no metric or set ofrules for the measurement of the value. Creation of the systems and skill for the measurementof the value irrespective of the time spent is a primary factor that affects the brands andclients alike.2). Customer segmentation: This is one of the genuine elenent influencing perceived basedcosting, in light of the fact that even with a similar client the value may change dependentupon the place and time of utilization (Weatherburn and Schnepel 2015). In order to
(PDF) The Role of Management Accounting_2

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