The Difference Between the Target Price and the Desired Profit

question 62

True/False

The difference between the target price and the desired profit is the target cost of the product.

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Definitions:

Strategic Sourcing

The systematic and fact-based approach for optimizing an organization's supply base and improving the overall value proposition.

Procurement

The process of finding, acquiring, and buying goods, services, or works from an external source.

E-procurement

The electronic procurement of goods and services using the internet and other information technologies to streamline the purchase-to-pay process.

Secure Information

Information that is protected against unauthorized access, alteration, and disclosure, often through encryption and other security measures.