Solved

Match Each of the Following Terms with the Best Definition

Question 161

Matching

Match each of the following terms with the best definition given.

Premises:
Production bottleneck
Product cost concept
Target costing
Demand-based concept
Competition-based concept
Responses:
Sets the price according to competitors
Only costs of manufacturing are included in product cost per unit
Constraint
Combines market-based pricing with a cost reduction emphasis
Sets the price according to demand

Correct Answer:

Production bottleneck
Product cost concept
Target costing
Demand-based concept
Competition-based concept
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