Which of the Following Is One of the Advantages to the Target

question 55

Multiple Choice

Which of the following is one of the advantages to the target costing approach

• A)The target costing approach approach often leads to higher levels of features included that some customers may want.
• B)There is usually a higher level of cost-consciousness in the target costing approach than in the cost plus approach.
• C)In the target costing approach, costs are fully known before the product is actually designed.
• D)The target costing approach can be completed by marketing department personnel without involving others in the process.

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Definitions:

Tort Action

A lawsuit instigated by an individual who has suffered harm due to another's wrongful act, aiming to obtain a remedy such as monetary compensation.

Hearsay Evidence

Evidence presented in court based on what the witness has heard someone else say, rather than on direct personal knowledge.

Substantive Law

The set of laws that governs how members of a society are to behave. It defines rights and responsibilities in civil law, and crimes and punishments in criminal law.

Private Law

The rules that govern our personal, social, and business relations, which are enforced by one person’s suing another in a private or civil action