One of the main limitations of cost-based pricing is that the greater the proportion of costs not allocated to the product, the lower the likelihood of overestimating or underestimating the price of individual products.

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True

False

From the seller's point of view, the life cycle costs of a product include the costs associated with the initial conception up to the design, pre-production, production, but not the support after the product's production.

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True

False

Target costing adopts a passive approach that treats costs as the result of design, acquisition, and manufacturing.

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True

False