Which of the following concentrates on reducing costs at the design phase of a product?
A) Life cycle costing
B) Target costing
C) Kaizen costing
D) Value costing

Name: Which of the following concentrates on reducing costs at the design phase of a product? A) Life cycle costing B) Target costing C) Kaizen costing D) Value costing
Brand: Quizplus
Rating: 4.7 (44 reviews)

Question

Quizplus · Accepted Answer

Target costing focuses on reducing costs during the design phase by setting cost targets based on market conditions and desired profit margins.

Which of the Following Concentrates on Reducing Costs at the Design