How is target costing different from other pricing strategies? Provide examples.
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Cost-plus pricing starts with an estimate of the costs incurred to build a product, and a certain profit percentage is added to establish the price. ... Target costing integrates the product design, desired price, desired profit, and desired cost into one process beginning at the product
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Target costing integrates the product design, desired price, desired profit, and desired cost into one process beginning at the product
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