Meaning and Definition of Open Book Costing
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(3286 words)
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The paper "Meaning and Definition of Open Book Costing" states that the acknowledged intention behind open book costing is one which is supposed to give mutual benefit to retailers as well as suppliers.... The theory behind open book costing seems reasonable enough.... .... ... ... Open Book Costing is defined, in a partnering arrangement, as 'openness, effective communication, close collaboration and cooperation, trust, honesty, transparency, sharing, and mutual benefit'....