Determining the price and Value of a product or service can be an endless task especially within a rapidly changing marketplace. This very reason was the principal motivator in the development of new ways to determine value of goods to the customers and to the manufacturers and suppliers. From the 1920’s the accountancy profession used rigidly4 structured accounting systems that ceased to evolve and adapt over the years of rapid change and Development in the 60 …showed first 75 words of 2166 total…

…showed last 75 words of 2166 total…cost involved in the pricing of a product, I feel it has been shown, by breaking down the elements of alternatives versions of market lead costing, that market lead costing policies are the most flexible, safe and reliable of most costing systems to date. I only hope that the impetus to find new more productive and efficient ways of accounting will continue long into the future to keep the accounting profession long standing and respected.