Target costing is generally more beneficial with products that have a short life cycle, rather than a long life cycle.

Name: Target costing is generally more beneficial with products that have a short life cycle, rather than a long life cycle.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

For products with short life cycles it is important to achieve profitability earlier than with other products, and target costing helps to achieve profit goals by avoiding the introduction of new products that fail to meet cost and profit targets.

Target Costing Is Generally More Beneficial with Products That Have