Answered

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Target costing sets costs based on the price that customers are willing to pay.
a. true
b. false

Sagot :

It is False that Target costing sets costs based on the price that customers are willing to pay.

Because target costing estimates product cost by subtracting a desired profit margin from a competitive market price. As the target cost makes reference to the competitive market, it is fundamentally customer-focused and an important concept for new product development.

Costing is any system for assigning costs to an element of a business.

Competitive is most commonly used to describe a person who has a strong desire to compete and win.

Development is the act, process, or result of developing the development of new ideas an interesting development in the case.

To know more about the Costing here

brainly.com/question/24130824

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