Methods for a company to meet target total cost and the profit goals if the current cost of the product is higher than the target cost include which of the following?
A)Accept a lower profit
B)Cut fixed costs, cut variable costs
C)Cut fixed costs
D)Any of the above

Question

Quizplus · Accepted Answer

All the options (A, B, C) are viable methods for a company to meet its target total cost and profit goals when the current cost of the product is higher than the target cost. Accepting a lower profit margin, cutting fixed costs, and cutting variable costs are all strategies that can help achieve this objective.

Methods for a Company to Meet Target Total Cost and the Profit