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t Information iption Respondus uctions ed Test This test has a time limit of 45

ID: 1156025 • Letter: T

Question

t Information iption Respondus uctions ed Test This test has a time limit of 45 minutes This test will save and submit automatically when the time expires iarnings appear when half the time 5 minutes, 1 minute, and 30 seconds remain tiple Attempts Not allowed This test can only be taken once ce Complietion This test can be saved and resumed at any paint undil sime has espired The Simer will continue to run it you leave the test Remaining Time: 43 mieutes, 47 seconds Oestion Completion Statas Moving to another question will save this eos Question 22 nvolves designing a product so hat i sasfies customers and meets the profit mangins desired by the m Price adership Target costing Om Contana Ask me

Explanation / Answer

It is the target costing and this strategy ensures the desired profit for the firm. It is the process of setting a target cost by deducting the profit margin from the competitive price.

Ans: Target costing.

The price discrimination involves the process of setting different prices to different customers for the same commodity. In the price leadership the dominant firm in the industry sets the price and other firms follows this price.