Which of the following is not a similarity between target costing and Kaizen costing?
A) They both rely on goal setting to achieve cost reduction
B) They both encourage organizations to work with suppliers to reduce costs
C) They both take advantage of the trade-offs between price, functionality and quality
D) They both occur at the beginning of the product life cycle

Question

Quizplus · Accepted Answer

Target costing occurs at the beginning of the product life cycle, but Kaizen costing can be implemented throughout the product's life cycle. Therefore, D is not a similarity between Target and Kaizen costing. A, B, and C are similarities between the two costing methods.

Which of the Following Is Not a Similarity Between Target