Knowing What Is Expected and When to Go into Detail

question 41

Multiple Choice

Knowing what is expected and when to go into detail is directly related to knowing _____.

• A) who your targets are
• B) when to speak and when to remain silent
• C) how to communicate effectively
• D) where to communicate best

---

Definitions:

Target Cost

The maximum amount that can be spent on developing a product or service, while still earning the desired profit margin.

Selling Price

Selling Price is the amount of money a buyer pays to purchase a product or service, which could include considerations for costs, profit margins, and market demand.

Desired Profit

The target profit a company or an individual aims to achieve within a specific period.

Profitable

A financial state in which income exceeds costs and expenses, resulting in a net gain.