Which of the following industries is least likely to implement target costing?
A) Heavy equipment manufacturers
B) Car manufacturers
C) Food products and beverages
D) Bicycle manufacturers

Question

Quizplus · Accepted Answer

The food products and beverages industry is least likely to implement target costing due to the nature of its products, which often have lower development costs and shorter life cycles compared to industries like heavy equipment, car, and bicycle manufacturing. These latter industries typically face higher development costs and longer product life cycles, making target costing a more valuable tool for controlling costs throughout the product development phase.

Which of the Following Industries Is Least Likely to Implement