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Topic: Target Costing, Value Engineering and Kaizen
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Learning objectives Explain Target pricing and Target costing. Identify the pricing strategy based on the competitive forces and recommend to the management to take strategic decision. Differentiate between the Cost Plus Mark up approach and Target costing approach. Explain the process of Value Engineering. Explain how Kaizen can contribute to cost reduction.
YouTube url:
https://www.youtube.com/watch?v=-aRgWKQen6A
Created:
5. 5. 2021 12:09:34