Target pricing is an innovative approach used in the final stages of the product life cycle to establish a contract price between a buyer and a seller.

Name: Target pricing is an innovative approach used in the final stages of the product life cycle to establish a contract price between a buyer and a seller.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Target pricing is typically used in the early stages of product development to determine the cost at which a product must be produced to achieve a desired profit margin, not in the final stages.

Target Pricing Is an Innovative Approach Used in the Final