When the ideal selling price is first determined and the feasibility of meeting that price is assessed and costs are controlled in order to produce the product that can be sold at the target price,this is called:

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This process of determining the target selling price and assessing the feasibility of achieving that price while controlling costs is known as target costing. It is a strategic approach that involves designing products from the outset with a target cost firmly in mind, rather than simply adjusting costs after the fact. Market development is the process of expanding into new markets or increasing market share in existing markets. Price determination is the process of setting a price for a product based on various factors such as market demand, competition, and cost. Product development is the process of creating new products or improving existing ones.

When the Ideal Selling Price Is First Determined and the Feasibility