Which of the following are key features of target costing?
i. Cross functionality
ii. Market price driven
iii. Focus on customer value
iv. Based on life cycle management
A) i, ii and iii
B) i, iii and iv
C) i, ii and iv
D) All of the given answers

Question

Quizplus · Accepted Answer

Target costing involves cross-functional efforts, is driven by market prices, focuses on delivering customer value, and considers the entire life cycle of a product to manage costs effectively.

Which of the Following Are Key Features of Target Costing