A target cost is set after creating a product.

Name: A target cost is set after creating a product.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A target cost is actually set before creating a product, during the planning and initial design stages. The target cost is the expected cost of producing the product, and it is used to guide the design and production process to ensure that the product can be made at a cost that allows for a reasonable profit margin.

A Target Cost Is Set After Creating a Product