________ is the maximum cost to develop,produce,and deliver a product or service and earn the desired profit.
A)Marginal cost
B)Target cost
C)Variable cost
D)Sunk cost

Question

Quizplus · Accepted Answer

Target cost is the maximum cost to develop, produce, and deliver a product or service, while still earning the desired profit. Marginal cost refers to the cost of producing one additional unit, variable cost refers to costs that vary with the level of production, and sunk cost refers to costs that have already been incurred and cannot be recovered. Therefore, the best choice is B.

________ Is the Maximum Cost to Develop,produce,and Deliver a Product