A Target Cost Is

question 66

Multiple Choice

A target cost is

• A)the standard cost.
• B)the difference between the sales price needed to capture a predetermined market share and the desired per-unit profit.
• C)the long-run average cost over the life cycle of the product.
• D)none of the above.

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Definitions:

Managerial

Pertaining to the duties and activities involved in managing an organization or part of it.

Print media

The segment of the media industry that disseminates information through printed materials, such as newspapers, magazines, and books.

Detail

The small parts or features of something considered individually, often contributing to the overall quality or functionality of the item.

Media types

Various categories of communication tools and platforms, such as print, broadcast, digital, and social media.