The NPD process and target costing process are ________ processes.
A) competing
B) successive
C) complimentary
D) intuitive

Question

Quizplus · Accepted Answer

The NPD (New Product Development) process and target costing process are complementary processes. This means they work together to ensure that a new product meets both its performance and cost objectives from the outset, rather than being in competition or one following the other in sequence. Target costing helps in setting a cost goal for the product development process to achieve, ensuring the product is not only innovative but also financially viable.

The NPD Process and Target Costing Process Are ________ Processes