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Target Cost
The desired cost of manufacturing a product, which is calculated to ensure profitability at a specific selling price.
Activity-based Management System
A system that uses activity-based costing information to improve business processes and resource allocation, enhancing operational efficiency.
Real Causes
The underlying reasons or factors that lead to a certain effect or condition, often distinguished from more visible or immediate causes.
Value Engineering
A systematic method aimed at improving the "value" of goods or products and services by using an examination of function. Value is the ratio of function to cost.
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