FEATURES OF THE HIGH-TECHNOLOGY MANUFACTURES AND SPECIFICITY OF MANAGEMENT OF THE COST PRICE OF HIGH-TECHNOLOGY PRODUCTION

The article identifies the major distinguishing features of science-intensive industries compared to traditional ones for the most significant indicators. The author proves that there are fundamental differences in interconnection of cost and usefulness of products between conventional and knowledge-intensive production. It is shown that in the traditional production process it is crucial to minimize the cost of price, to develop price competition. In this case the cost primarily performs the uutility-save function. On the contrary, in high-tech industry, with innovative consumer and the product subject to changes, the relationship between the cost and the utility is dramatically changed: the cost works as the increment of utility, the principal thing is not to minimize the costs but to optimize them.

high-tech manufacturing, high-technology production, product cost, minimization of the cost, optimization of the cost, utility, functionality of products, the company’s competitiveness, enterprise resources, costs