Cost-plus pricing is essentially the opposite of target-costing.

Name: Cost-plus pricing is essentially the opposite of target-costing.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Cost-plus pricing sets a price based on the cost of producing a product or service plus an additional markup for profit, while target-costing sets a target cost for a product or service based on the desired selling price and expected profit, which then drives the development and production process to meet that target cost.

Cost-Plus Pricing Is Essentially the Opposite of Target-Costing