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Web of Proceedings - Francis Academic Press
Web of Proceedings - Francis Academic Press

Research on the Application of Target Cost Management in Enterprise Economic Management

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DOI: 10.25236/ecomhs.2019.113


Ning Caihong

Corresponding Author

Ning Caihong


Under the condition of market economy, in the information age of open and global economic integration, the increasingly fierce market competition is unavoidable. Target cost management, as one of the modern cost management methods, has been widely used in many industries in the world. In the process of enterprise economic management, cost management has become the most basic content. Generally speaking, we need to use target cost management to complete economic management. In order to reduce costs and improve the budget implementation of investment in project management, it is necessary to do a good job of target cost management. This paper first analyzes the role of target cost management in enterprise economic management. Secondly, we must update our concepts, refine our management, and strengthen our awareness of cost management.


Market Economy, Target Cost Management, Market Competition