Multiple Choice
Which of the following is not a step in the target costing approach to pricing?
A) Define the desired profit to be made on that product.
B) Dictate which products should not be produced.
C) Compute a target cost for the product by subtracting the desired profit from the competitive market price.
D) Identify the price at which a product will be competitive in the marketplace.
Correct Answer:
Verified
Correct Answer:
Verified
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