Question $16$

$1$ pts

During the screening$/$scoping phase of new product development, you should ask two questions, which of the following are those questions?

How much profit will this product give the firm? Who is the target market for this new product?

Will the product meet the competitive test? Does the product really fit the product strategy?

Who is the target market for this new product? Does the product really fit the product strategy?

Does the product really fit the product strategy? How much profit will this product give the firm?

Question $17$

$1$ pts

What are the options if the target costing process is not successful?

Kill the product and radically design the product

Send the product back a level and re$-$forecast

Radically design the product and perform cost breakdown

Re$-$forecast and compute target cost

Question $18$

$1$ pts

In which step does target$-$costing take place at the component level?

Step $2$: Establish target sales price

Step $3$: Compute target cost

Step $4$: Perform cost breakdown

$$ Step $5$: Engage in target costing process