The Effect of Using Cost Policy in Improving the Pricing Efficiency in Food Industrial Sector

Abstract

The cost system of enterprise is considered very crucial in determining the pricing of good in enterprises. The objective of this paper is to investigate the effect of using the cost as a tool to determine the final price of products. To accomplish the objectives of this research questionnaire was used as a tool to collect data. Four items were included: the effective costs, control of costs, providing data for planning and support management decisions and its effect price effectiveness. Comprehensive survey was used to collect data. The results showed that the cost policy can be used as a tool to determine competitive prices.