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Q 46 Target costing for target pricing O starts with the price and then subtracts the plus, or markup, to determine the target cost per

Q 46

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Target costing for target pricing O starts with the price and then subtracts the plus, or markup, to determine the target cost per unit. O is used for products and services where a competitive market does not exist. O starts with the cost per unit and adds the plus, or markup, to determine the unit selling price. O is used when products are unique in nature and firms can influence price-setting

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