_____ Is the Process of Determining What the External Customer

question 58

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 the above.

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Definitions:

Basaltic Lava

A type of lava that is low in silica and has a fluid consistency, erupting from volcanoes at high temperatures.

Shield Volcano

A type of volcano that has broad, gently curved slopes constructed mostly of relatively fluid basaltic lava flows.

Scoria Cone

A relatively small type of volcano that is cone shaped and mostly composed of scoria; synonymous with cinder cone.

Volcanic Dome

A dome-shaped volcanic feature, largely composed of solidified lava of felsic to intermediate composition.