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Target costing is generally more beneficial with products that have a short life cycle rather than a long life cycle. Is it True or False?

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Target costing is generally more beneficial with products that have a short life cycle rather than a long life cycle is true.

By a product, what do you mean?

The thing being sold is called a "product." An item or service can be considered a product. Physical, virtual, or cyberspace forms are all possible. Every good has a price because it costs money to produce it. The market, quality, marketing, and intended market group all affect the price that can be paid.

What is an example of a product?

Anything you offer to fulfill a customer's need or desire is a product. They could be real or imaginary. A physical product can be either durable (such as vehicles, furniture, or computers) or nondurable (like food and beverages).

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