Target Costing

question 46

Multiple Choice

Target costing:

• A)Determines cost based on an expected market demand for the product.
• B)Determines cost based on a budget.
• C)Determines cost based on standard cost.
• D)Determines cost based upon market price and desired profit.

Understand the process and importance of developing a marketing plan within the strategic marketing process.

Identify the variations in organizational strategies and their impact on marketing planning and execution.

Understand the significance of core competencies, competitive advantages, and how they contribute to an organization’s success.

Grasp the principles of business portfolio analysis and how it aids in strategic decision-making.