Question

Write a letter to the editor of Hindustan times sharing your thoughts on how the
recent pandemic has made us realise that we were not taking care of our
environment and that it’s nature’s way of teaching us a lesson.

Answer 1

Answer:

It involves setting a target cost by subtracting a desired profit margin from a competitive market price. ... A target cost is the maximum amount of cost that can be incurred on a product, however, the firm can still earn the required profit margin from that product at a particular selling price.