Kaizen costing and target costing are two names for the same thing.

Name: Kaizen costing and target costing are two names for the same thing.
Brand: Quizplus
Rating: 4.7 (30 reviews)

Question

Quizplus · Accepted Answer

Kaizen costing focuses on continuous improvement and cost reduction during the manufacturing phase, while target costing is a pricing method used to set the cost of a product before it is designed, focusing on market conditions and desired profit margins.

Kaizen Costing and Target Costing Are Two Names for the Same