Abstract
Transfer prices as the internal price of products created within the company have two main functions: profit allocation (in order to assess divisional profits and for performance measurement) and coordination (to come to decisions that are in the best interest of the company as a whole). Various types of transfer prices exist and are examined in view of these functions in the following chapters of this book: market-based, cost-based and negotiated transfer prices.
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Schuster, P. (2015). Functions and Types of Transfer Prices. In: Transfer Prices and Management Accounting. SpringerBriefs in Accounting. Springer, Cham. https://doi.org/10.1007/978-3-319-14750-5_2
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DOI: https://doi.org/10.1007/978-3-319-14750-5_2
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Publisher Name: Springer, Cham
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Online ISBN: 978-3-319-14750-5
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