The Product Strategy in Which Companies First Determine the Price

question 146

Multiple Choice

The product strategy in which companies first determine the price at which they can sell a new product and then design a product that can be produced at a low enough cost to provide adequate operating income is referred to as ________.

• A) cost-plus pricing
• B) target costing
• C) kaizen costing
• D) full costing

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Definitions:

Fertility

The natural capability to produce offspring.

Childbirth

The process of delivering a baby and placenta from the uterus to the outside world.

Lactation

The biological process by which mammals produce milk to feed their offspring, involving hormonal regulation and mammary gland development.

Gas Neurotransmitters

Small, gaseous molecules that serve as neurotransmitters in the nervous system, capable of diffusing across cellular membranes to send neural signals.