A target cost cannot lead to cost reduction, when it is simply the outcome of setting a target selling price and a target profit margin: Provide a response to this statement?

A target cost cannot lead to cost reduction, when it is simply the outcome of setting a target selling price and a target profit margin: Provide a response to this statement?

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Related Book For answer-question

Management Accounting

7th Edition

Authors: Kim Langfield Smith, Helen Thorne, David Alan Smith, Ronald W. Hilton

ISBN: 9781760421144