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Which of the following BEST describes target costing? a . Setting a selling price for the company to aim for in the long run b

Which of the following BEST describes target costing?

.

Setting a selling price for the company to aim for in the long run

.

Setting a cost by subtracting a desired profit margin from a competitive market price

.

Setting a price by adding a desired profit margin to a production cost

.

Setting a cost for the use in the calculation of variances

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