If a company is pursuing a cost leadership strategy, which of the following management accounting functions will not be critical to its success? 1. Product differentiation analysis. 2. Role of costs in pricing. 3. Role of budgets in controll 4. Benchmarking costs against the competition QUESTION 3 Which stage in the product life cycle yields the maximum revenue generation? 1. Development. 2. Growth. 3. Maturity. 4. Decline. QUESTION 4 When is target costing most effective? 1. When firms can obtain substantial and sustainable price premiums. 2. In firms offering products with well-defined and discrete features. 3. In firms offering commodity-type products. 4. In firms that have little or no competition