When Target Costing and Target Pricing Are Used Together ________

question 70

Multiple Choice

When target costing and target pricing are used together ________.

• A) the target cost is established first, then the target price
• B) the target cost is the estimated long-run cost that enables a product or service to achieve a desired profit
• C) the focus of target pricing is to undercut the competition
• D) target costs are generally higher than current costs

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Definitions:

Training Environment

A setting or system designed to facilitate learning and skill development for employees or individuals.

Training Topic

The specific subject matter or area of focus addressed during a training session or educational program.

Person Analysis

The process in human resources development of identifying the gap between a person's skills and job requirements to determine the necessary training.

Training Program

A structured educational program designed to enhance the knowledge, skills, and abilities of employees or participants.