Target Profit analysis is the technique that gives the Managers a free hand to decide the cost structure and expected profit.
Effective use of ‘Target Profit Analysis’ is chasing profit with a controlled cost. It gives confidence to the Managers as being an effective tool to ensure the process is followed systematically and profitability is achieved.
This is a very useful and result-oriented technique for Business Managers and a true indicator to set up the profit model.
16 сен 2024