_____ Is the Process of Determining What the External Customer

question 23

Multiple Choice

_____ is the process of determining what the external customer is willing to pay for a product or service and then assigning specific cost targets to the components, assemblies, and systems that make up the product or service.

• A)Specific costing
• B)Target pricing
• C)Total cost analysis
• D)Cost avoidance
• E)None of these answers.

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Definitions:

General Partnership

A business arrangement in which two or more individuals share the management, profits, and liabilities of the business.