Target costing is used for products and services sold
A) in competitive markets.
B) that are unique, with distinguishing characteristics.
C) where customers lack good information on the market.
D) where specific firms can influence prices.

Question

Quizplus · Accepted Answer

Target costing is primarily used in competitive markets where the price is determined by the market, and companies need to manage costs to achieve desired profit margins.

Target Costing Is Used for Products and Services Sold