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Which of the following are features of target costing?
1) It attempts to ensure a zero level of product defects.
2) It sets a maximum cost so as to achieve a desired profit margin at a competitive market price.
3) Its greatest impact is at the design stage of a product’s life cycle.
Sir why is the answer 1 and 3?
Shouldnt the answer be 2 only?
Target costing is the cost subtracted from desired profit margin?
I have watched your free lectures
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