Target costing is a technique to improve long-term profitability by considering product costs at the design phase.

Name: Target costing is a technique to improve long-term profitability by considering product costs at the design phase.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Target costing involves setting a target cost by subtracting a desired profit margin from a competitive market price, and then designing the product to meet that cost, ensuring long-term profitability by controlling costs from the design phase.

Target Costing Is a Technique to Improve Long-Term Profitability by Considering