Question: 3. What is the main difference between target and product specifications? Explain with appropriate examples. 4. Calculate the estimated target cost for manufacturing if the

3. What is the main difference between target and product specifications? Explain with appropriate examples. 4. Calculate the estimated target cost for manufacturing if the end-user price is $300 and the product is delivered via a distributor whose profit margin is 25% and retailers whose profit margin is 40%. The manufacturer expects a profit margin of 30%

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