Which of the Following Best Describes "Target Costing

question 220

Multiple Choice

Which of the following best describes "target costing"?

• A)An approach to pricing that begins with revenue at market price and subtracts desired profit to arrive at target total cost
• B)A factor that restricts production or sales of a product
• C)All costs incurred along the value chain in connection with the product or service
• D)An approach to pricing that begins with the product's total cost and adds desired profit

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