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What is the basic premise of target costing? A Products should be designed to meet customer needs at a price customers are willing to pay
What is the basic premise of target costing?
A Products should be designed to meet customer needs at a price customers are willing to pay that allows the company to make a reasonable profit.
B Products should be designed based on features that competitors' products include to enhance the company's ability to compete more effectively.
C The price with the highest profit should always be selected.
D Products should be designed at the least cost possible to enable the lowest price in the market.
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