Which of the following statements concerning target costing is(are) accurate?
a. Japanese managers who pioneered the approach view target costing as a profit-management tool.
b. The approach is designed to reach market segments comprised of buyers who consistently select the lowest-priced alternative.
c. Target costing tends to move product developers toward products that include only the bare essentials.
d. All of the above.
e. None of the above.
Answer: A