IDNLearn.com provides a user-friendly platform for finding answers to your questions. Our experts provide timely and accurate responses to help you navigate any topic or issue with confidence.
Target costing is generally more beneficial with products that have a short life cycle rather than a long life cycle is true.
The thing being sold is called a "product." An item or service can be considered a product. Physical, virtual, or cyberspace forms are all possible. Every good has a price because it costs money to produce it. The market, quality, marketing, and intended market group all affect the price that can be paid.
Anything you offer to fulfill a customer's need or desire is a product. They could be real or imaginary. A physical product can be either durable (such as vehicles, furniture, or computers) or nondurable (like food and beverages).
To know more about Products visit:
https://brainly.com/question/22852400
#SPJ4