Question: Which statements regarding target costing analysis are true? Multiple select question. It is used to decide whether a company can compete at the market price

Which statements regarding target costing analysis are true?

Multiple select question.

It is used to decide whether a company can compete at the market price and earn a desired amount of profit.

It is used primarily to help a firm discover ways to raise its prices and dominate the market.

It is generally a long-term concept.

In the short term, target costing can be used in a relevant cost analysis to evaluate opportunities that may present themselves.

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