Target Costing and Pricing Products
Not what you're looking for?
Target costing is a little confusing to me. Can anyone help me with this question? What is target costing and how is it used to price products?
Purchase this Solution
Solution Summary
This solution discusses target costing and the manner in which it is used for pricing products.
Solution Preview
Target costing is a method of developing a product to meet a specific cost goal. Usually, a price is set first, from this the profit is subtracted and the result is the cost objective. The manufacturer then designs the product to meet this cost objective.
Target costing is ...
Education
- BSc , University of Calcutta
- MBA, Eastern Institute for Integrated Learning in Management
Recent Feedback
- "I read your comments, and thank you for this feedback. Do I need to find other studies that applied this methodology Ive used? That's where I'm stuck at."
- "Thank you kindly sir. "
- "Excellent and well explained. --Thank you kindly. "
- "Awesome notes. I appreciate you."
- "I have the follow-up project and I will assign that to you very soon. "
Purchase this Solution
Free BrainMass Quizzes
Writing Business Plans
This quiz will test your understanding of how to write good business plans, the usual components of a good plan, purposes, terms, and writing style tips.
Marketing Research and Forecasting
The following quiz will assess your ability to identify steps in the marketing research process. Understanding this information will provide fundamental knowledge related to marketing research.
Six Sigma for Process Improvement
A high level understanding of Six Sigma and what it is all about. This just gives you a glimpse of Six Sigma which entails more in-depth knowledge of processes and techniques.
Social Media: Pinterest
This quiz introduces basic concepts of Pinterest social media
Introduction to Finance
This quiz test introductory finance topics.