Of the following processes, which is chiefly concerned with products and services that have not yet been developed?
A) Just-in-time manufacturing.
B) Activity-based management.
C) Target costing.
D) Total quality management.

Question

Quizplus · Accepted Answer

Target costing is chiefly concerned with the development of new products and services. It involves working backward from a targeted selling price to determine the allowable cost of a product or service, and then identifying ways to design and produce it at or below that cost. Just-in-time manufacturing, activity-based management, and total quality management primarily focus on improving existing processes and products, rather than developing new ones.

Of the Following Processes, Which Is Chiefly Concerned with Products