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knowing that the steps for developing target costs and pricing are as follows: The first step is to develop a product that satisfies the needs
knowing that the steps for developing target costs and pricing are as follows:
- The first step is to develop a product that satisfies the needs of potential customers.
- Choose a target price
- Derive a target cost per unit by subtracting target operating income per unit from the target price.
- Perform value engineering to achieve target cost.
A well known company that may use all of these steps would be? Explain
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