Match each definition that follows with the term (a-e) it defines.
-Combines market-based pricing with a cost-reduction emphasis
A)Demand-based concept
B)Competition-based concept
C)Product cost concept
D)Target costing
E)Production bottleneck

Question

Quizplus · Accepted Answer

Target costing combines market-based pricing with a cost-reduction emphasis to determine the maximum cost that can be incurred for a product, while still allowing the company to earn a desired profit margin.

Match Each Definition That Follows with the Term (A-E) It