Traditional costing seems to focus too much on costs as they are incurred

Name: Traditional costing seems to focus too much on costs as they are incurred
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Target and life-cycle costing take into account the long-run impact of constraints, such as quality and sustainability, and aim to create more sustainable and profitable products or services. Traditional costing, on the other hand, focuses on costs as they are incurred and may not be as effective in creating a long-term sustainable business model.

Traditional Costing Seems to Focus Too Much on Costs as They