acc403 mod4

Part 1

Traditional wisdom was to create a product, figure out the cost, add a profit margin, and then determine the price. Target costing is another way to watch costs and setting prices.

Discuss the role and type of the target costing in some more depth. Do research on the Internet including following links and show the reference for the information.

Part 2

Identify and briefly discuss two important concepts applicable to the business decision making process.

Expectations:

Please provide factual information (not merely opinions) backed up by details or examples.

Your comments should be in your own words and include references.