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At his review last year,Bryan was promised a 20% raise if he met his production goals.Raises were included in today's paychecks,and although Bryan has met all of his goals,he only received a cost-of-living raise.In the future,Bryan's ______ will probably be ______.
Target Costing
A cost management strategy whereby a product’s selling price is considered in designing and developing a product, with an intent to manage costs and maintain profitability.
Desired Return
The minimum return that an investor, project, or business aims to achieve from an investment or venture, factoring in risk and opportunity cost.
Investment
The act of allocating resources, usually money, in the expectation of generating an income or profit.
Absorption Costing
A financial recording technique that entails incorporating all costs associated with manufacturing, whether they are fixed or variable, into the product's pricing.
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