Target pricing includes: (1)developing a needed product, (2)choosing a target price, (3)deriving a target cost per unit, and (4)performing cost analysis.

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Target pricing involves these four steps, which include developing a product that meets a need, selecting a target price based on market demand, calculating the target cost per unit, and analyzing costs to ensure profitability.

Target Pricing Includes: (1)developing a Needed Product, (2)choosing a Target