________ is the result of a concentrated effort by designers, engineers, and purchasing agents to reduce the product's overall costs.
A) Target costing
B) Activity-based cost accounting
C) Learning curve
D) Least cost producer
E) Experience curve

Question

Quizplus · Accepted Answer

Target costing involves a concentrated effort by designers, engineers, and purchasing agents to reduce the product's overall costs. It is a proactive approach to cost management where a desired cost is established early in the design and development process, and then achieved through the use of various cost reduction techniques.

________ Is the Result of a Concentrated Effort by Designers