Products should be designed to meet customer needs at a

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What is the basic premise of target costing?

Customers are generally willing to pay for whatever companies design, so cost should not be a factor in the design process.
Products should be designed to meet customer needs at a price customers are willing to pay that allows the company to make a reasonable profit.
Products should be designed to include as many features as possible.
Products should be designed based on what features are technolo

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