________ is the result of a concentrated effort by designers,engineers,and purchasing agents to reduce the product's overall costs.
A) Learning curve
B) Target costing
C) Least cost producer
D) Experience curve
E) None of the above

Question

Quizplus · Accepted Answer

Target costing is the process of setting a target cost for a product and then working to achieve that cost through a collaborative effort between designers, engineers, and purchasing agents. The goal is to reduce the overall cost of the product while still meeting customer requirements and maintaining profitability. The other options, such as the learning curve, least cost producer, and experience curve, may contribute to cost reduction in some way but are not the primary focus of a targeted costing effort.

________ Is the Result of a Concentrated Effort by Designers,engineers,and