One goal of ________ is to design costs out of products in the research,development,and engineering stage.
A)cost-plus pricing
B)target costing
C)Kaizen costing
D)traditional costing

Question

Quizplus · Accepted Answer

Target costing is the process of determining the maximum cost at which a product can be sold, based on the analysis of customer needs and competitor pricing. It focuses on designing costs out of products during the research, development, and engineering stages to ensure the product can be sold at the desired price point. Cost-plus pricing, traditional costing, and Kaizen costing are not specifically focused on designing costs out of products during the early stages of development.

One Goal of ________ Is to Design Costs Out of Products